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Clause 1 - Deputy Governors

Part of Financial Services Bill – in a Public Bill Committee at 11:15 am on 21st February 2012.

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Photo of Mark Garnier Mark Garnier Conservative, Wyre Forest 11:15 am, 21st February 2012

I am grateful to the hon. Gentleman for clarifying what he means by diversity. We are talking about only nine people for the outside appointments. It is worth bearing in mind, however, that the court’s current construction includes Lady Susan Rice, who is managing director of Lloyds banking group in Scotland, and Brendan Barber of the Trades Union Congress. There is already a certain amount of diversity within the court. We are talking about a financial organisation that looks at the financial system, and while I welcome some diversity, with only nine outside members available, surely we could end up by having too much.