Financial Services (Banking Reform) Bill

Earl Attlee Excerpts

Wednesday 23rd October 2013 Lords Chamber

[Lord Eatwell]

Perhaps I can be of help to the noble Lord. I do not know whether he has had the opportunity to see the Bank of England response to the final report published today, where the Bank of England provides the answer which the noble Lord, Lord Newby, was unable to provide. It says:

“For the present, the Government’s legislative proposals in this area will apply only to deposit takers”—

[Earl Attlee (Con)]

My Lords, we are slightly out of order because the noble Lord has not moved his amendment and started the debate. Perhaps the noble Lord would like to finish moving his amendment.

[Lord Turnbull]

I thought that I had started by begging to move Amendment 104E, but if I have not I shall do so now, and if that allows the noble Lord, Lord Eatwell, to offer his clarification I should be very grateful. I beg to move.