Banking Reform — Statement

Part of the debate – in the House of Lords at 4:45 pm on 14th June 2012.

Alert me about debates like this

Photo of Lord Sassoon Lord Sassoon The Commercial Secretary to the Treasury 4:45 pm, 14th June 2012

The noble Lord, Lord Desai, as always, brings up important points. Of course, living wills are an integral part of the whole construct for better resolution of banks than we had before. Indeed, the FSA has been leading the project for a couple of years or more to make sure that all the arrangements are in place. The noble Lord draws attention to another important part of the construct.