Sentence examples for backstop power from inspiring English sources

Mr Balls also attacked Mr Osborne's refusal to legislate for a "backstop power" to allow for across-the-board separation of the banks, as something the commission also suggested.

Yet again we see an appalling saga of interest rate fixing ranging across the whole industry, but the government still refuses to take a backstop power for full separation of all the banks in case ring-fencing doesn't work.

The chancellor, who will chair a meeting of his fellow G20 finance ministers in Sussex today and tomorrow, is proposing that international regulators be given a "backstop" power to prevent banks and other financial institutions, such as hedge funds, loading themselves up with dangerous levels of debt.

A: The attorney general Dominic Grieve has used a kind of "backstop" power he has within the Government of Wales Act which enables him to intervene after a Bill has been voted through by the assembly but before it goes to the Queen for Royal Assent.

Although the Labour leadership has been eager to avoid highlighting recommendations on tougher central government powers, these backstop powers lie at the heart of Lyons' thinking.

The attorney general has used what are basically "backstop" powers in the Government of Wales Act 2006 to stop the bill in its tracks.

The need for an unavailable supermajority in the Senate backstopped by the power of White House vetoes precludes that.

The announcement marked the beginning of a dramatic and public reversal in Manila's historic foreign policy alignment and represented a stunning setback in Washington's efforts to build a regional coalition backstopped by American military power to contain Chinese expansionism in the South and East China Seas.

It would have been nice to have this power as a backstop".

BRUSSELS — Still struggling to calm financial markets, European governments are debating whether to increase the lending power of a backstop fund intended to rescue countries threatened by the debt crisis.

He has hinted that a model might be found in the Advertising Standards Authority (ASA), an industry-funded body that mostly uses peer pressure to police advertising, but can call on legal "backstops"—official regulators with the power to punish stubborn offenders.