It is right that the taxpayer should never again be on the hook for the bad decisions taken by investment banks or the bad regulation that allowed them to be taken. I therefore welcome the ring-fencing and the provision to separate a given bank if necessary. However, I am not yet convinced of the need for the reserve power to separate any bank. Does the Minister envisage any circumstances under which the Government might include the reserve provision to separate a bank in this or future legislation?
Banking Reform
Proceeding contribution from
Stewart Hosie
(Scottish National Party)
in the House of Commons on Monday, 4 February 2013.
It occurred during Urgent question on Banking Reform.
About this proceeding contribution
Reference
558 c28Session
2012-13Chamber / Committee
House of Commons chamberSubjects
Librarians' tools
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2020-01-14 14:51:27 +0000
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