text_body: --- DIVISION TITLE ---
  
  Financial Services Bill - Bank of England Oversight Committee - Duty to Monitor Arrangements for Crisis Management
  
  --- MOTION EFFECT ---
  
  
  @ MP voted aye to require the Bank of England's Oversight Committee to monitor the adequacy and effectiveness of the bank's arrangements with the Treasury for crisis management.
  @ MP voted no against requiring the Bank of England's Oversight Committee to monitor the adequacy and effectiveness of the bank's arrangements with the Treasury for crisis management.
  
  The majority of MPs voted against requiring the Bank of England's Oversight Committee to monitor the adequacy and effectiveness of the bank's arrangements with the Treasury for crisis management.
  
  MPs were considering the Financial Services Bill[1]. The amendment rejected in this vote was:
  
  :Amendment (b) proposed to Lords amendment 3
  
  Lords amendment 3[2] sought to insert a new clause titled ''Oversight Committee'' stating:
  
  :There is to be a sub-committee of the court of directors of the Bank (âthe Oversight Committeeâ) consisting of the non-executive directors of the Bank.
  
  The clause set out the role of the committee as being to oversee the Bank's performance in relation to its objectives, duties and strategies.
  
  
  Amendment (b)[3] was an amendment to the Lords amendment and stated:
  :Line  20,  at end insert â and 
  :(iv)  the adequacy and effectiveness of arrangements with the Treasury for crisis management.â.
  
  The amendment sought to add the above as a further area which the Bank of England's Oversight Committee would have to oversee the Bank's performance in relation to.
  
  
  * [1] [http://services.parliament.uk/bills/2012-13/financialservices.html Parliament's webpage on the Financial Services Bill]
  * [2] [http://www.publications.parliament.uk/pa/bills/cbill/2012-2013/0101/101.1-4.html Lords Amendments to the Financial Services Bill ]
  * [3] [http://www.publications.parliament.uk/pa/bills/cbill/2012-2013/0101/amend/pbc1011012m.609-613.html Amendment paper for consideration of the Lords amendments to the Financial Services Bill on 10 December 2012]
  
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  