Financial Services (Banking Reform) Bill

Insert the following new Clause—

“Excessive lobbying by banks

(1)   If the Governor thinks that the way in which banks are lobbying about
regulation or policy is creating a risk to the stability or effective regulation
of the banking sector, the Governor must lay a report before Parliament.

(2)   In subsection (1) “lobbying” means activities designed to influence Her
Majesty’s Government, the FCA or the Bank of England.

(3)   In this section “bank” has the meaning given by section 2 of the Banking
Act 2009.”