Proceeding contribution from Colin Breed (Liberal Democrat) in the House of Commons on Monday, 10 March 2008. It occurred during Estimates day on Northern Rock and Banking Reform.
Northern Rock and Banking Reform
Does the hon. Gentleman agree that regulation is no substitute for responsibility? However much we want to regulate, it is the responsibility of the people who made the initial decisions that they should have been right, while regulation is the back-up. Regulation is legalistic, but we really want oversight. We want from those individuals not just regulation but an oversight of what is happening in the industry and with individuals.
Secondary information
- Type
- Proceeding contribution
- Reference
- 473 c60
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Banks Financial institutions Nationalisation Regulation Northern Rock
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2026-02-25 15:22:16 +0000
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