Financial Services Bill

Debate between Lord Armstrong of Ilminster and Lord Peston
Tuesday 6th November 2012

(13 years ago)

Lords Chamber
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Lord Peston Portrait Lord Peston
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My Lords, I do not understand the intervention. Why has the governor been given the power if he cannot use it? If you do not want him to use it you do not give it to him.

Lord Armstrong of Ilminster Portrait Lord Armstrong of Ilminster
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My Lords, if I may take the semantic point raised by the noble Lord, Lord Peston, if the word “oversight” is capable of being misinterpreted why not use “supervisory”, which is just the Latin version and means exactly the same without the possible misunderstanding?

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