Financial Services Bill

Debate between Lord McFall of Alcluith and Baroness Wheatcroft

Tuesday 26th June 2012 Lords Chamber

[Baroness Wheatcroft]

I thank my noble friend the Minister for his reply; I confess I found it disappointing and I thank those noble Lords who spoke in support of my amendment. I was trying to find a simple means of showing that the court was held in some esteem and had powers to exercise. I do not doubt that informal conversations go on but I am slightly reluctant to rely on informal arrangements when we are trying to strengthen the corporate governance of the Bank. Not just to strengthen the corporate governance but to strengthen the perception of that corporate governance. I would ask my noble friend to think about this matter and maybe other ways in which he might strengthen perceptions of the corporate governance of the Bank. However, I shall not move my amendment.

[Lord McFall of Alcluith]

With a request to think again, I beg leave to withdraw the amendment.