Bank Resolution (Recapitalisation) Bill [HL] — Report — Amendment 2 — 4 Nov 2024 at 15:45
Moved by Baroness Vere of Norbiton
2: Clause 1, page 1, line 20, at end insert-“(2A) The Bank of England must not require the scheme manager to make a recapitalisation payment if it has directed the financial institution to maintain an end-state Minimum Requirement for Own Funds and Eligible Liabilities (MREL) exceeding minimum capital requirements.”Member’s explanatory statementThis amendment seeks to prohibit the use of FSCS funds to recapitalise large financial institutions, defined as those which have reached end-state MREL.
Ayes 247, Noes 125.
Party Summary
Votes by party, red entries are votes against the majority for that party.
What is Tell? '+1 tell' means that in addition one member of that party was a teller for that division lobby.
What is Turnout? This is measured against the total membership of the party at the time of the vote.| Party | Majority (Content) | Minority (Not-Content) | Turnout |
| Con | 158 (+2 tell) | 0 | 53.9% |
| Crossbench | 19 | 12 | 18.1% |
| DUP | 1 | 0 | 16.7% |
| Green | 1 | 0 | 50.0% |
| Judge | 1 | 0 | 11.1% |
| Lab | 0 | 104 (+2 tell) | 58.9% |
| LDem | 57 | 0 | 71.3% |
| Non-affiliated | 4 | 7 | 21.6% |
| PC | 2 | 0 | 100.0% |
| UUP | 2 | 0 | 66.7% |
| Total: | 245 | 123 | 46.4% |
Rebel Voters - sorted by party
Lords for which their vote in this division differed from the majority vote of their party. You can see all votes in this division, or every eligible lord who could have voted in this division
| Name | Party | Vote |
| Baroness Boycott | Crossbench (front bench) | no |
| Lord Carter of Haslemere | Crossbench | no |
| Lord Hendy of Richmond Hill | Crossbench (front bench) | no |
| Lord Hogan-Howe | Crossbench (front bench) | no |
| Lord Jay of Ewelme | Crossbench (front bench) | no |
| Lord Laming | Crossbench (front bench) | no |
| Lord Loomba | Crossbench | no |
| Baroness Meacher | Crossbench (front bench) | no |
| Baroness Morgan of Drefelin | Crossbench | no |
| Lord Patel | Crossbench (front bench) | no |
| Lord Skidelsky | Crossbench | no |
| Baroness Watkins of Tavistock | Crossbench (front bench) | no |
| Lord Burnett of Maldon | Non-affiliated (front bench) | aye |
| Lord Prior of Brampton | Non-affiliated | aye |
| Baroness Stowell of Beeston | Non-affiliated (front bench) | aye |
| Lord Taylor of Warwick | Non-affiliated | aye |