Clause 186
Banking Bill
5:30 pm
Peter Viggers (Gosport, Conservative)
My point is rather similar. I derive my text from the proverb, “You don’t shoot the pianist, you shoot the person who asked him to play.” Clause 186 says:
“The Bank of England may by order prohibit a specified person from being an operator”.
It goes on to say:
“The Bank may by order prohibit a specified person from holding an office”.
What it does not say is that the Bank may by order prohibit a bank from appointing a certain person. I wonder whether there is a provision in the Bill that enables the Bank of England to move against banks and not just individuals who are operators or who are holding an office or position?