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Proceeding contribution from Gerald Howarth (Conservative) in the House of Commons on Tuesday, 14 October 2008. It occurred during Debate on bill on Banking Bill.


Banking Bill

If that minor change is all that is needed, perhaps the Chancellor could explain to the British people how on earth we have come to this pass. The FSA has been responsible for the authorising of individual practitioners in the banking business and allowed the ramping up of capital ratios, so that we have reached this dreadful state of affairs. Has the Chancellor got no explanation of how that happened under the regulation of the FSA, and no alternative approach to doing something about it apart from this minor tinkering?


Secondary information

Type
Proceeding contribution
Reference
480 c695 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
Compensation Consumers Accountability Bank services Banks Building societies Bank of England Bank notes Finance Financial institutions Insolvency Government assistance Economic situation Equitable Life Assurance Society Protection Mergers Nationalisation Lloyds TSB Monetary Policy Committee Scotland Regulation Halifax Bank of Scotland Financial Services Compensation Scheme National Loans Fund Northern Rock Financial Services Commission Bradford and Bingley
Legislation
Banking Bill 2007-08 to 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk