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Early day motion tabled by primary sponsor Malcolm Wicks (Labour), on Wednesday, 4 November 2009, in the House of Commons. It is signed by 97 members in total.

MUTUALISATION AND THE BANKING SECTOR

That this House regrets the disappearance of so many building societies through the demutualisations that occurred in the 1980s and 1990s; notes that not one of these institutions has survived as an independent British bank; applauds the ethic that underlies the principle of mutuality; and urges the Government, as part of the restructuring of the banking sector, to enable and encourage the remutualisation of a significant part of it, including the conventional banking side of Northern Rock.

Amendments

The Early day motion has received an amendment.

MUTUALISATION AND THE BANKING SECTOR (2233A1)
The Early day motion has received an amendment sponsored by Graham Allen (primary, Labour) and tabled on Thursday, 5 November 2009. It has been signed by 3 members in total.
at end add `and notes the positive impact this would have on stabilising and defining the acceptable sources of finance for housing and delegitimising the investment bank speculation in the housing mortgage market which triggered the global recession.'.

Secondary information

Type
Early day motion
Reference
2233 
2233A1 
Session
2008-09
Other sponsors
Alun Michael
Michael Meacher
John Butterfill
Lord Field of Birkenhead
Lord Touhig
Subjects
Financial institutions
Link
View this Early day motion on www.parliament.uk