Moved by
Lord Lawson of Blaby
91A: After Clause 15, insert the following new Clause—
“Excessive lobbying by banks
(1) If the Governor thinks that the way in which banks are lobbying about regulation or policy is creating a risk to the stability or effective regulation of the banking sector, the Governor must lay a report before Parliament.
(2) In subsection (1) “lobbying” means activities designed to influence Her Majesty’s Government, the FCA or the Bank of England.
(3) In this section “bank” has the meaning given by section 2 of the Banking Act 2009.”