The noble Lord must accept that my original answer encompassed this concept, but I will spell it out in more detail. Dolerite was a securitisation structure similar to Granite. It was used by Northern Rock to fund its commercial mortgage book. All bonds under that structure have now been redeemed. Therefore, Dolerite is entirely irrelevant to Northern Rock. As I cannot be any more explicit than that, I hope the noble Lord will forgive me.
Banking (Special Provisions) Bill
Proceeding contribution from
Lord Davies of Oldham
(Labour)
in the House of Lords on Thursday, 21 February 2008.
It occurred during Committee of the Whole House (HL)
and
Debate on bills on Banking (Special Provisions) Bill.
About this proceeding contribution
Reference
699 c289 Session
2007-08Chamber / Committee
House of Lords chamberSubjects
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2023-12-15 23:44:56 +0000
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