Banking Bill — Committee (5th Day)

Part of the debate – in the House of Lords at 4:45 pm on 26 January 2009.

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Photo of Baroness Noakes Baroness Noakes Shadow Minister, Treasury 4:45, 26 January 2009

I thank the Minister for that. I think he is saying that, if the Bank ever does operate a system, no one needs to oversee the Bank because it is perfect in all ways and will always do things that can never be criticised. Is that what the Minister is saying?