Proceeding contribution from Lord Beamish (Labour) in the House of Commons on Thursday, 16 June 2011. It occurred during Ministerial statement on Regulatory and Banking Reform.
Regulatory and Banking Reform
The Minister, who knows the north-east very well, will be aware that when Northern Rock was a building society it was a highly respected institution, not only because of its prudent lending, but because it was the first choice for many small savers. Although he reaffirmed in his statement the Government's commitment to mutualisation, will he not be straight with the people of the north-east and say quite clearly that mutualisation is not an option and that Northern Rock will be privatised, as was spun out in the newspapers this morning?
Secondary information
- Type
- Proceeding contribution
- Reference
- 529 c966
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Compensation Consumers Banks Conduct Competition Bank of England Finance Insurance companies Financial services Insolvency International cooperation Financial Services Authority Financial markets Government shareholding Private sector Privatisation Protection Standards Sales Regulation Reform Treasury Financial Services Compensation Scheme Northern Rock plc Financial Policy Committee Financial Conduct Authority Prudential Regulation Authority Independent Commission on Banking Southsea Mortgage and Investment Company
- Legislation
- Draft Financial Services Bill
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 16:41:06 +0000
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