Before the noble Lord sits down again, I ask for a brief clarification. Ring-fenced banks may well have dealings with local authorities and pension funds, but I think that under the terms of the Financial Services Act 2012 and the FSA rules these are not legally customers; they are eligible counterparties. Did the noble Lord mean to exclude local authorities and pension funds from the protections he sets out in his amendment?
Financial Services (Banking Reform) Bill
Proceeding contribution from
Lord Sharkey
(Liberal Democrat)
in the House of Lords on Wednesday, 27 November 2013.
It occurred during Debate on bills on Financial Services (Banking Reform) Bill.
About this proceeding contribution
Reference
749 c1442Session
2013-14Chamber / Committee
House of Lords chamberLibrarians' tools
Timestamp
2013-12-20 05:23:47 +0000
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