That will essentially be a matter for the company, because it is a private company. I imagine that discussions will be held between members of the Treasury and members of the reclaim fund, and that they will also include the Financial Services Authority, which has some overall responsibilities with regard to remuneration. Let me emphasise again that we expect the reclaim fund to be run in accordance with our legislation, FSA regulation and company law, and for it to meet the highest standards of corporate governance, but we need the power to ensure that that is the case, which is why we shall invite Members to reject amendment No. 10.
Dormant Bank and Building Society Accounts Bill [Lords]
Proceeding contribution from
Ian Pearson
(Labour)
in the House of Commons on Monday, 3 November 2008.
It occurred during Debate on bills on Dormant Bank and Building Society Accounts Bill [Lords].
About this proceeding contribution
Reference
482 c62 Session
2007-08Chamber / Committee
House of Commons chamberSubjects
Librarians' tools
Timestamp
2023-12-16 01:24:14 +0000
URI
http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_505435
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_505435
In Solr
https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_505435