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I wonder if-
My Lords, I have one comment to make on the text of the amendment. Just to have a report for one year seems such a limited objective. If it is worth doing at all, I do not understand why there is no language allowing for continuity. It was said that the noble Baroness, Lady Hayter, was providing for that. However, the actual language is: "Within a year of commencement... the Bank of England...
My Lords, I should like to make a few observations about the amendment. We are at Committee stage of the Bill. While it is passing through your Lordships' House there has been an enormous scandal about the fixing corruptly of the LIBOR rate by Barclays over, I understand, a period of years-a practice in which it is possible that other banks took part. They have thereby done enormous damage to...
Entered the House of Lords in 1997
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