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Clause 42

Part of Banking Bill – in a Public Bill Committee at 4:45 pm on 11th November 2008.

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Photo of David Gauke David Gauke Shadow Minister (Treasury) 4:45 pm, 11th November 2008

I am grateful to the Minister. It is encouraging that there are a lot more opportunities for the expert liaison group to make contributions. His comments have highlighted the fact that we are at quite an early stage of the process of developing the various safeguards. I know that he said that the Treasury will hear the representations made during the debate, but these proceedings should not be just part of a consultation process. We are the law-makers, yet it seems to me that the law is being made after Parliament has had the opportunity to scrutinise and debate these matters. The consultation seems to be lagging behind Parliament, because we should now be debating something pretty near its final form.