M
Member
Speaking in the House of Lords on 5 September 2024
Debate
Bank Resolution (Recapitalisation) Bill [HL]Contribution
6: Clause 1, page 1, line 20, at end insert—
“(2A) The Bank may not exercise the power in subsection (1) without the consent of the Treasury.”Member's explanatory statement
This amendment requires the Bank of England to obtain Treasury consent before it can require the FSCS to make a capitalisation payment.
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