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 Lord Davies of Oldham Lord Davies of Oldham Deputy Chief Whip (House of Lords), HM Household, Captain of the Queen's Bodyguard of the Yeomen of the Guard (HM Household) (Deputy Chief Whip, House of Lords) 6:00 pm, 20th January 2009

As the noble Lord knows, I am no lawyer. I am therefore reluctant to leap to the Dispatch Box with a categorical response. We were pressed in the other place on how we would use the clause, and we gave the assurance that I am repeating now. The Treasury has no intention of using the clause to amend the legislative safeguards which the Bill provides for the procedures. I hope the noble Lord will accept that that is about as far as he can press me on the matter.