Clause 60 - Duty of Treasury, Bank and PRA to co-ordinate discharge of functions

Part of Financial Services Bill – in a Public Bill Committee at 9:00 pm on 20th March 2012.

Alert me about debates like this

Photo of Mark Durkan Mark Durkan Shadow SDLP Spokesperson (International Development), Shadow SDLP Spokesperson (Work and Pensions), Shadow SDLP Spokesperson (Foreign and Commonwealth Affairs), Shadow SDLP Spokesperson (Home Affairs), Shadow SDLP Spokesperson (Justice), Shadow SDLP Spokesperson (Treasury) 9:00 pm, 20th March 2012

Does my hon. Friend see some inconsistency in clause 60(2), which emphasises

“the importance of co-ordination in circumstances where the Bank has given, or is considering the giving of, a public funds notification”?

That brings us back to clause 54(1) and clause 55(2), where the Minister told us that there should not be prior consultation or co-ordination when he rejected my hon. Friend’s amendment.