Lord Stoneham of Droxford
Main Page: Lord Stoneham of Droxford (Liberal Democrat - Life peer)Department Debates - View all Lord Stoneham of Droxford's debates with the Wales Office
(13 years, 3 months ago)
Lords ChamberMy Lords, I endorse those last comments about the importance of the internet and electronic media. That issue will have to be considered. Regarding the establishment of the committee, the indication was that the Justice Secretary and the Culture Secretary would be liaising with the chairs of the Liaison Committee and the Culture, Media and Sport Committee. As Minister of State at the Ministry of Justice, my noble friend Lord McNally, is present, and I am sure that that will ensure that the views of the terms of reference reflected in our exchanges here will be fed into that. I think that it was clear that the committee is intended to use the representation of both Houses and the expertise that exists in both Houses.
My Lords, I welcome the report in the interests of open justice. The issue that I raised last Thursday was part of a longstanding commitment by my noble friend Lord Oakeshott to ensure that the Financial Services Authority publishes a full report on the reasons for the collapse of the Royal Bank of Scotland. I believe that the FSA has now agreed to include the matter in its inquiry. I therefore ask my noble friend how the courts are going to ensure that public interest is protected and considered when injunctions are being requested. How will statutory bodies such as the Financial Services Authority be able to investigate when corporate governance procedures may be being breached but the information about that is restricted?
My Lords, I am sure that my noble friend would agree that it would not be proper for me to comment on any one particular case. If there is an issue of more general importance, I am sure that it will be possible for these concerns to be fed into the work of the Joint Committee.