B

Baroness Noakes (Con)

Speaking in the House of Lords on 10 September 2024

Debate

Bank Resolution (Recapitalisation) Bill [HL]

Contribution

I am very glad that the Minister has said that. First, I thank my fellow members of the Financial Services Regulation Committee for their support on this amendment—I was never in any doubt that I would get it—and I thank my noble friend, the shadow Minister, for her support. I think this will come down to whether the Treasury’s expectations should be backed up somewhere in the legislation or whether we can allow it to exist on the basis that Treasury expectations will always somehow work out in practice. I favour the former: we need to be clear in the legislation about the trail of information that needs to go and when it needs to go.

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