Proceeding contribution from Lord Darling of Roulanish (Labour) in the House of Commons on Wednesday, 8 July 2009. It occurred during Ministerial statement on Reforming Financial Markets.
Reforming Financial Markets
Over the years Canada has, in many ways, followed the model that we have been moving to, trying to streamline the regulatory system. I remind the House that 10 years ago there were eight or nine different regulators—self-regulating bodies—and also that the Bank of England never, ever regulated all financial institutions. It was frequently the case that a bank would be regulated by three or four different institutions. That made no sense whatsoever and the Canadians recognised that. Everyone should reflect on that.
Secondary information
- Type
- Proceeding contribution
- Reference
- 495 c980
- Session
- 2008-09
- Chamber / Committee
- House of Commons chamber
- Subjects
- Consumers Banks Cooperation Competition Advisory services Bank of England Finance Education Investment Financial services Financial institutions International cooperation Financial Services Authority Interest rates Financial markets Personal savings Protection Pay Management Mortgages Loans Regulation Treasury Government guaranteed credit Financial Services Compensation Scheme Council for Financial Stability
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-04-21 12:37:54 +0100
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