Proceeding contribution from David Heath (Liberal Democrat) in the House of Commons on Monday, 30 November 2009. It occurred during Debate on bill on Financial Services Bill.
Financial Services Bill
Is there not another set of players who could put pressure for good governance on the financial institutions? I mean the credit rating agencies. If they were to take adverse conclusions from short-termism, as evidenced by excessive pay or bonuses or by over-complex financial products, it could have a strong effect on the various financial institutions. Can the Chancellor encourage the agencies to do that, and if they will not—because they are paid for by those same businesses—is there any way of bringing them within a regulation process?
Secondary information
- Type
- Proceeding contribution
- Reference
- 501 c873
- Session
- 2009-10
- Chamber / Committee
- House of Commons chamber
- Subjects
- Disclosure of information Consumers Banks Credit Education Financial services Financial institutions International cooperation Financial Services Authority EU action Protection Pay Powers Regulation Stocks and shares Treasury Financial Services Compensation Scheme Council for Financial Stability Class actions
- Legislation
- Financial Services Bill 2009-10
- Link
- View this Proceeding contribution on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2023-12-11 09:58:28 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_597604
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