Independent Commission on Banking

Lord Tomlinson Excerpts

Monday 28th February 2011 Lords Chamber

[Lord Sassoon]

My Lords, there are a lot of hypothetical questions bound up in this. We will not see what the commission is proposing until September and then it will be up to the Government, in light of all the circumstances, to decide what to do with its recommendations. I can confirm that the separation of retail and investment banking is one item which goes to the heart of the remit of the commission.

[Lord Tomlinson]

As the noble Lord has now had plenty of time to reflect on the question that he was asked by my noble friend Lord Eatwell, will he now, as there seems to be plenty of time, get around to answering it?

[Lord Sassoon]

I see the clock is advancing because of the length of that question. I gave the answer I wanted to give.