Bank Resolution (Recapitalisation) Bill completes Lords stages
13 November 2024
The Bank Resolution (Recapitalisation) Bill had its third reading, a chance for members to make sure the eventual law is effective, workable and without loopholes, on Tuesday 12 November.
The Bank Resolution (Recapitalisation) Bill aims to provide the Bank of England with more flexibility in how it manages the failure of small banks.
Third reading
Third reading is the chance for members to ‘tidy up' a bill, making small changes to ensure it is effective.
No amendments (changes) were put forward ahead of third reading. Members discussed the progress of the bill at the conclusion of its House of Lords stages.
Catch up
- Watch the Parliament TV recording.
- Read the Lords Hansard transcript.
Explore further information
Read background on the bill in the House of Lords Library briefing.
Next steps
Following the conclusion of third reading, the bill now passes to the House of Commons for its consideration.
What's happened so far?
Report stage
Further detailed examination of the bill took place during report stage on Monday 4 November.
Committee stage
Line by line examination of the bill took place during committee stage on Thursday 5 and Tuesday 10 September.
Second reading
Second reading, a full debate on the key principles of the bill, took place on Tuesday 30 July.
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