My Lords, I support the noble Lord, Lord Higgins, and the noble Baroness, Lady Noakes. I was a member of the Parliamentary Commission on Banking Standards which looked at the word “reasonable” and concluded that it is a lawyer’s word. If it is a lawyer’s word, it costs a lot of money, and if it costs a lot of money, it can obscure the truth. Let us get rid of it and invest the authority in the Comptroller and Auditor-General which will save everyone time and money.
Bank of England and Financial Services Bill [HL]
Proceeding contribution from
Lord McFall of Alcluith
(Labour)
in the House of Lords on Monday, 9 November 2015.
It occurred during Committee of the Whole House (HL)
and
Debate on bills on Bank of England and Financial Services Bill [HL].
About this proceeding contribution
Reference
765 c1895Session
2015-16Chamber / Committee
House of Lords chamberLibrarians' tools
Timestamp
2015-11-11 10:06:19 +0000
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