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Proceeding contribution from Yvette Cooper (Labour) in the House of Commons on Wednesday, 18 March 2009. It occurred during Opposition day on The Economy.


The Economy

My hon. Friend is right. The fact is that no matter how tight the regulatory system is in any one country, no country could escape the impact of the global recession because of the interconnectedness across borders, and the way in which credit flows across borders. He is right: we need greater international co-operation and greater international regulation to look at those sorts of cross-border flows.


Secondary information

Type
Proceeding contribution
Reference
489 c950 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Debts Business Banks Advisory services Borrowing Finance Financial services Financial institutions Government departments Income Government assistance Financial markets Government shareholding Economic situation Pay Public expenditure Mortgages Pension funds Monetary policy Regulation Taxation VAT Unemployment Government guaranteed credit Loan guarantee scheme
Link
View this Proceeding contribution on www.publications.parliament.uk