TRUSTPOLITICS
M

Member

Speaking in the House of Lords on 4 November 2024

Debate

Bank Resolution (Recapitalisation) Bill [HL]

Contribution

Finally, the Bill includes a clear provision that allows any funds that are not needed in resolution to flow back to the Financial Services Compensation Scheme. This means that, in the event the Bank of England draws down more than eventually turns out to be necessary, any excess funds can be returned.
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