The issue here is not whether you should have a leverage ratio; it is not whether it should be statutory or not. The issue is who should determine it: the Chancellor of the Exchequer or the Financial Policy Committee of the Bank of England. That is the issue. Although I speak as a former Chancellor of the Exchequer, I still think it would be better left to the FPC. That is the issue; not whether it should be statutory or whether it should be alone without any consideration of risk-weighted assets. The issue is simply who should determine it.
Financial Services (Banking Reform) Bill
Proceeding contribution from
Lord Lawson of Blaby
(Conservative)
in the House of Lords on Wednesday, 23 October 2013.
It occurred during Committee of the Whole House (HL)
and
Debate on bills on Financial Services (Banking Reform) Bill.
About this proceeding contribution
Reference
748 c1027Session
2013-14Chamber / Committee
House of Lords chamberLibrarians' tools
Timestamp
2013-12-20 04:40:46 +0000
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