That is certainly one way of defining it. Very big UK banks may be in the system which, for other clearing and operational reasons, one would not want to see fail. However, I think the hon. Gentleman agrees that we must have a clearer definition of what systemic risk actually is.
Northern Rock and Banking Reform
Proceeding contribution from
Michael Fallon
(Conservative)
in the House of Commons on Monday, 10 March 2008.
It occurred during Estimates day on Northern Rock and Banking Reform.
About this proceeding contribution
Reference
473 c31Session
2007-08Chamber / Committee
House of Commons chamberLibrarians' tools
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2023-12-15 23:57:11 +0000
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