Clause 226
Banking Bill
Public Bill Committees, 30 October 2008, 3:15 pm
Mark Hoban (Shadow Minister, Treasury; Fareham, Conservative)
I am grateful to the Minister for that explanation. One of the general concerns that has been expressed about the Bill is that it is here to address a particular issue in the banking system and the recent problems. We are speeding its passage through the House and the other place on the basis that it is a very focused Bill aimed at tackling problems in the banking system. My concern with clause 226 is that its scope goes beyond the banking system and that it is effectively being used to satisfy a legislative wish list in that respect, and that is not the purpose of the Bill. I am concerned about the Minister’s explanation because I think that the clause’s scope is rather broader than we were initially led to believe, and that is also causing concern outside the House. I do not propose at this stage to press the amendment.