Oral question asked in the House of Lords, by Baroness Miller of Hendon (Conservative). It was answered by Lord Myners (Labour) on Tuesday, 17 March 2009.
Banking: Toxic Debt
- Question
- To ask Her Majesty’s Government what steps they are taking to avoid large-scale toxic debt being created or purchased by United Kingdom banks and other financial institutions and providers of credit.
- Answer
-
My Lords, the Government have asked Sir David Walker to undertake a review of corporate governance of UK banks. The review will cover a number of issues, including board management of risk and bank remuneration policies. The Chancellor has asked the noble Lord, Lord Turner, the chairman of the FSA, to make recommendations for strengthening UK and international regulation. The review will be published on 18 March. At the November G20 summit, leaders agreed an action plan to strengthen the global financial regulation, including enhancing risk management by firms. G20 Finance Ministers agreed further steps to strengthen regulation at their meeting on Saturday.
Secondary information
- Type
- Oral question
- Reference
- 709 c109
- Session
- 2008-09
- Oral question type
- Lead
- Chamber / Committee
- House of Lords chamber
- Subjects
- Debts Banks Regulation
- Link
- View this Oral question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-04-12 03:38:43 +0100
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