I am not quite clear about who is paying this cost. Am I right in thinking that it is the people using the chequing system? My second question was: is this regulatory system compatible with a change in the underlying system from, say, cheques to the system used in the Netherlands? Thirdly, am I right in understanding that the noble Lord said that this arrangement will cover only domestic, not international, transactions? Should we not be covering both?
Financial Services (Banking Reform) Bill
Proceeding contribution from
Lord Higgins
(Conservative)
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 c438Session
2013-14Chamber / Committee
House of Lords chamberSubjects
Librarians' tools
Timestamp
2013-12-20 04:30:45 +0000
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