Lords debates Bank Resolution (Recapitalisation) Bill

The Bank Resolution (Recapitalisation) Bill aims to provide the Bank of England with more flexibility in how it manages the failure of small banks.

Debate on the draft law

During second reading, members discussed the main topics in the bill and drew attention to specific concerns or areas where they think amendments (changes) are needed. 

Members speaking

Lord Livermore (Labour), the Financial Secretary to the Treasury, opened the debate and responded on behalf of the government.

Members speaking in the debate included:

• Lord Eatwell (Labour), emeritus professor of financial policy at Cambridge Judge Business School
• Baroness Kramer (Liberal Democrats), Liberal Democrat lords spokesperson for the treasury and economy
• Baroness Penn (Conservative), former Lords minister at the Treasury
• Lord Sikka (Labour), emeritus professor at Essex Business School.

Catch up

• Watch the Parliament TV recording.
• Read the Lords Hansard transcript.

Explore further information

Find out more about the bill in the House of Lords Library briefing.

Next steps

Committee stage, the first chance for line by line scrutiny of the bill, is scheduled for Thursday 5 September.

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