The Banking Reform Bill Received its Second Reading

The Financial Services (Banking Reform) Bill 2013 received its second reading in the House of Lords on 24 July 2013 details of which can be found in the Hansard text. The Bill will now proceed to the Committee stage on a date to be announced according to the Parliament website.

The Bill had its first reading in the House of Lords on 10 July 2013 and HM Treasury and the Department for Business, Innovation and Skills (BIS) published a consultation paper seeking comments on draft secondary legislation proposed under the Bill on 17 July 2013.