All 1 Debates between Lord Peston and Lord Armstrong of Ilminster

Financial Services Bill

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

(11 years, 7 months ago)

Lords Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Lord Peston Portrait Lord Peston
- Hansard - -

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
- Hansard - - - Excerpts

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?