Proceeding contribution from Desmond Swayne (Conservative) in the House of Commons on Thursday, 26 February 2009. It occurred during Ministerial statement on Banking (Asset Protection Scheme).
Banking (Asset Protection Scheme)
If the amount that the Chancellor has said that RBS must lose before his guarantee kicks in is correct, then, if I were still doing the job that I was doing 12 years ago in group risk management in RBS—[Hon. Members: ““Ah!””] It would not have happened on my watch. On the basis of traditional banking practices, I would be urging the bank to build up reserves rather than engage in additional lending. Why would I be wrong?
Secondary information
- Type
- Proceeding contribution
- Reference
- 488 c376
- Session
- 2008-09
- Chamber / Committee
- House of Commons chamber
- Subjects
- Audit Assets Banks Capital investment Financial institutions Insurance Economic growth Private sector Protection Public sector Public expenditure Loans Reorganisation Royal Bank of Scotland World economy Asset protection scheme
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-04-21 09:42:47 +0100
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_532133
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