UK Parliament / Open data

Kaupthing Singer & Friedlander Limited (Determination of Compensation) Order 2008

I reinforce the question I asked. I understand that there were explorations within the private sector to find a solution; indeed, the solution that was found included a fairly large private sector option to transfer the deposits. But was a public sector solution considered? That is the burden of the argument I was putting forward. We were only 10 days from the bank recapitalisation scheme, which must have been known to the Treasury. In order to get through those 10 days, public sector financial assistance would have secured that Bradford & Bingley could enter the recapitalisation scheme and continue, instead of being brought to a halt.

About this proceeding contribution

Reference

706 c18GC 

Session

2008-09

Chamber / Committee

House of Lords Grand Committee
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