If a bank divides itself under the new regime into a ring-fenced bank which takes deposits and puts its investment activities—derivatives, underwriting and proprietary trading—into a non-ring-fenced bank which does not take deposits, does it mean that that mass of activity will not be covered by the regime? Much of the manufacturing took place in that area.
Financial Services (Banking Reform) Bill
Proceeding contribution from
Lord Turnbull
(Crossbench)
in the House of Lords on Tuesday, 15 October 2013.
It occurred during Committee of the Whole House (HL)
and
Debate on bills on Financial Services (Banking Reform) Bill.
About this proceeding contribution
Reference
748 c403Session
2013-14Chamber / Committee
House of Lords chamberSubjects
Librarians' tools
Timestamp
2013-12-20 04:30:44 +0000
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