Proceeding contribution from Stuart Bell (Labour) in the House of Commons on Thursday, 9 October 2008. It occurred during Topical debate on TOPICAL DEBATES Financial Stability.
TOPICAL DEBATES Financial Stability
I hesitate to interrupt my right hon. Friend's flow, but it had already been interrupted. Not enough is being made of the fact that there will be strict controls through the Financial Services Authority on compensation packages for the executive directors of these various banks. Let me remind the Financial Secretary of what the Chancellor said:"““In reaching agreement on capital investment the Government will need to take into account dividend policies and executive compensation practices and will require full commitment to support lending to small businesses and home buyers.””" Can the Financial Secretary repeat that today, because it is being overlooked in the outside world, where there seems to be a view that we are going to skate away from these so-called golden parachutes?
Secondary information
- Type
- Proceeding contribution
- Reference
- 480 c426
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Assets Debts Bank services Banks Credit Bank of England Borrowing Investment Financial institutions Financial Services Authority Financial markets Local government Public expenditure Mortgages Loans Lloyds TSB Housing market HBOS Government guaranteed credit Royal Bank of Scotland Abbey National ING Bank Landsbanki Bradford and Bingley Heritable Bank
- Legislation
- Anti-terrorism, Crime and Security Act 2001
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-16 01:31:32 +0000
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