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Clause 132

Part of Banking Bill – in a Public Bill Committee at 11:00 am on 18th November 2008.

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Photo of Ian Pearson Ian Pearson Parliamentary Under-Secretary (Economic and Business), Department for Business, Enterprise & Regulatory Reform, Economic Secretary (Economic and Business), HM Treasury 11:00 am, 18th November 2008

It certainly is not the Government’s intention that the provisional administration would do anything of the kind. In my opening remarks I mentioned facilitating the exchange of e-mails and such activities to ensure that we can have the properly functioning activities of a bridge bank and allow objective 1 to be pursued. We have been clear about the grounds for what  a provisional administrator would be allowed to do, and amendment No. 166 makes clear the limited nature of what is proposed.