M
Member
Speaking in the House of Lords on 10 September 2024
Debate
Bank Resolution (Recapitalisation) Bill [HL]Contribution
23: Clause 4, page 3, line 20, after “question” insert “and, for such a bank, the shortfall may only be reduced insofar as necessary to cover recapitalisation.”
Member’s explanatory statement
This amendment seeks to ensure that the FSCS should only be used for recapitalisation not for bailing out shareholders.
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