All 1 Debates between Lord Flight and Lord Stewartby

Financial Services Bill

Debate between Lord Flight and Lord Stewartby
Tuesday 10th July 2012

(12 years, 5 months ago)

Lords Chamber
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Lord Stewartby Portrait Lord Stewartby
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My Lords, I would like to add a word to what the noble Lord, Lord Peston, has said, in particular to ask my noble friend Lord Flight about the frequency with which this situation is likely to happen. Would it be an exceptionally rare event, because that may affect the way in which one approaches it?

Lord Flight Portrait Lord Flight
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My Lords, I was simply making the point that if this power is used, and as a check against its improper use, there should be the requirement to explain why.