We have addressed that point. Obviously, it is the behaviour of any particular bank that will cause problems, and the sanctions against such behaviour are clear. If a bank breaches the ring fence that has been established, it will be split up. That is as clear as day to the directors of every bank, who, by the way, will now have a personal responsibility to respect the ring fence.
Banking Reform
Proceeding contribution from
Greg Clark
(Conservative)
in the House of Commons on Monday, 4 February 2013.
It occurred during Urgent question on Banking Reform.
About this proceeding contribution
Reference
558 c30 Session
2012-13Chamber / Committee
House of Commons chamberSubjects
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2020-01-14 14:51:27 +0000
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