It is the hon. Lady’s objective that banks should serve businesses and their customers, and that is precisely what Sir John Vickers has in mind. That is the purpose of the exercise, and it is exactly what I want to achieve. Any ring-fenced bank that strays from that purpose and neglects its core customers—its retail depositors and the other people who bank with it—by taking their money and playing with it in the casino will be broken up.
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 c30Session
2012-13Chamber / Committee
House of Commons chamberSubjects
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2020-01-14 14:51:27 +0000
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