It is a valve which goes only one way; it cannot be upstreamed—otherwise the noble Lord is right that the ring-fence would not work.
Financial Services (Banking Reform) Bill
Proceeding contribution from
Lord Deighton
(Conservative)
in the House of Lords on Tuesday, 8 October 2013.
It occurred during Committee of the Whole House (HL), Debate on bills and Committee proceeding on Financial Services (Banking Reform) Bill.
About this proceeding contribution
Reference
748 c36Session
2013-14Chamber / Committee
House of Lords chamberSubjects
Librarians' tools
Timestamp
2013-12-20 04:24:44 +0000
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