Skip to main content

Proceeding contribution from Lord Reid of Cardowan (Labour) in the House of Commons on Monday, 23 March 2009. It occurred during Ministerial statement on Spring European Council.


Spring European Council

The Prime Minister is right that the restoration of confidence in the financial sector and reforms depends very much on increasing transparency, oversight and regulation. With that in mind, will he turn the minds of his colleagues to the least transparent and least regulated part: credit default swaps? In that area at least, will he attempt to get as much unity as possible for a clearing-house mechanism that can introduce transparency and regulation, rather than the current free-for-all with over-the-counter dealings?


Secondary information

Type
Proceeding contribution
Reference
490 c30 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Banks Climate change Developing countries Broadband Finance Energy supply Financial services International cooperation Economic situation EU action EU economic policy International Monetary Fund Pay Regulation Trade Renewable energy Tax havens European Council
Link
View this Proceeding contribution on www.publications.parliament.uk