Proceeding contribution from David Howarth (Liberal Democrat) in the House of Commons on Tuesday, 19 February 2008. It occurred during Debate on bill and Committee of the Whole House (HC) on Banking (Special Provisions) Bill.
Banking (Special Provisions) Bill
The problem with the Chief Secretary's argument is that the two objectives—financial stability on the one hand, and securing the Government's position on the other—might conflict. A profit-maximising strategy on the part of the bank, of the sort described by the right hon. and learned Member for Rushcliffe (Mr. Clarke), might further destabilise the market by undermining competition. On the other hand, that exact strategy might well secure the Government's position in the short term. Surely the strategic direction needed is the balance between the two objectives.
Secondary information
- Type
- Proceeding contribution
- Reference
- 472 c247
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Compensation Accountability Audit Banks Competition Building societies Bank of England Liability EU law Government assistance Financial Services Authority Economic situation Property transfer Mortgages Loans Staff Office of Fair Trading Nationalisation Regulation Stocks and shares Shareholders Takeovers Treasury Virgin Group Business plans Northern Rock Granite Sunset clauses
- Legislation
- Banking (Special Provisions) Bill 2007-08
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 23:07:49 +0000
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