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Proceeding contribution from Harry Cohen (Labour) in the House of Commons on Wednesday, 26 November 2008. It occurred during Debate on bill on Banking Bill.


Banking Bill

I am grateful to the Minister for giving way. I heard what he said about the banks that are not in the rescue scheme. They include big players, which have given big bonuses to their people—and their people have made some big mistakes, causing crisis. What the Minister said sounded very thin. Basically, he said that we had to monitor the situation and that the issue was in the hands of the FSA, which has a record of being weak. Even the shareholders of banks such as Barclays are being treated badly, given the expensive deal with the Arabs, and those shareholders cannot make many inroads with the bank directors. Can the Minister not at least strengthen the shareholders, or do something else to bring these people to account?


Secondary information

Type
Proceeding contribution
Reference
483 c833 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
Disclosure of information Compensation Codes of practice Consumers Directors Assets Debts Bank services Banks Credit unions Building societies Capital Deposits Finance Liability Financial services Financial institutions Exemptions Insolvency Government assistance Financial Services Authority Private sector Protection Pay Property transfer Public sector Publicity Mutual societies Nationalisation Shares Treasury Henry VIII clauses Financial Services Compensation Scheme
Legislation
Banking Bill 2007-08 to 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk