Banking Bill — Committee (4th Day)

Part of the debate – in the House of Lords at 6:00 pm on 20th January 2009.

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Photo of Viscount Eccles Viscount Eccles Conservative 6:00 pm, 20th January 2009

I do not think that the point the Minister made to me was right. We had a Statement yesterday. I cannot see why not having Clause 75 would prevent the FSA, the Bank of England and the Treasury proceeding to put a bank into the special resolution regime. However, some challenges might follow from that which would have to be met and dealt with.