Proceeding contribution from Vincent Cable (Liberal Democrat) in the House of Commons on Wednesday, 18 March 2009. It occurred during Opposition day on The Economy.
The Economy
That rather illustrated the fact that those independent investment banks, like the investment banks that were part of RBS—[Interruption.] There is the case of Lehman Brothers, but whether they were inside or outside banks, they were high-risk institutions that posed a great risk to the system. Separating them from conventional high street banking seems a necessary step to bring greater stability to that system. Of course the right hon. Gentleman is right that both independent and integrated banks posed that problem.
Secondary information
- Type
- Proceeding contribution
- Reference
- 489 c962
- 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
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- 2024-04-21 10:16:57 +0100
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_540263
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