Clause 214
Banking Bill
9:30 am
Mark Todd (South Derbyshire, Labour)
I appreciate my hon. Friend’s willingness to take examples and apply them. If a major insurance institution that provides important support to deposit takers found itself in difficulty—we can recognise straight away one such institution across the pond that was the focus of Government intervention—would not some flexibility to respond to another financial institution that is not a deposit taker but is intimately connected with the support of deposit taking be an important requirement in the Bill?