Banking Bill
10:30 am
Witness
Tuesday 21st October
Until no later than 12 noon
HM Treasury
Tuesday 21st October
Until no later than 1.00 p.m.
Bank of England; Financial;
Services Authority; Financial;
Services Compensation Scheme.
Tuesday 21st October
Until no later than 5.45 p.m.
British Bankers’ Association;
Building Societies Association;
London Investment Banking Association.
Tuesday 21st October
Until no later than 7.00 p.m.
Association of British Insurers;
Investment Management Association;
Citizens Advice Bureau;
Which?
(3) proceedings on consideration of the Bill in Committee shall be taken in the following order: Clauses 155 and 156; Clauses 158 to 233; Clauses 1 to 76; Clause 157; Clauses 77 to 154; Clauses 234 to 240; new Clauses; new Schedules; remaining proceedings on the Bill;
(4) the proceedings shall (so far as not previously concluded) be brought to a conclusion at 7.00 p.m. on Tuesday 18th November.
Thank you for your helpful guidance, Mr. Hood. It is a pleasure to see you presiding over us today. I am sure that all members of the Committee will benefit from your guidance, and that of Mr. Gale, as we proceed through the scrutiny stages of the Bill. We had an encouraging Second Reading, which reflected the widespread support, on both sides of the House, for the principles and much of the content of the Bill. However, I appreciate that there are issues of detail that deserve full consideration, and I look forward to addressing those in Committee.
On 14 October, the House agreed a programme motion that provides for the Committee’s proceedings to conclude on 18 November. On 16 October the Programming Sub-Committee agreed a programme resolution for the Committee. The resolution provides for oral evidence to be presented in two sittings today. It also provides for discussions of the Bill to take parts 4 to 7 first, minus clause 157, which relates to part 1. We will then take parts 1 to 3—that is, clauses 1 to 154 plus 157; and then part 8—that is, clause 234 to clause 240, plus any new clauses and schedules.
As I explained at Second Reading, the ordering is primarily to provide additional time to bring forward drafts of some of the key documents, including the code of practice for the special resolution regime, required under clause 5. I hope that hon. Members find the arrangements set out in the resolution satisfactory.