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Proceeding contribution from Lord Johnson of Marylebone (Conservative) in the House of Commons on Thursday, 16 June 2011. It occurred during Ministerial statement on Regulatory and Banking Reform.

Regulatory and Banking Reform

Many of my constituents depend on the existence of a thriving financial services industry in London. They are hard-working, responsible and diligent employees and not at all deserving of the opprobrium that is often heaped on people who work in the sector. Like Professor Willem Buiter of the London School of Economics, they are very much of the view that the financial crisis damaged London's prestige and international standing much more than it did other leading financial centres around the world. Does the Minister share that view?

Secondary information

Type
Proceeding contribution
Reference
529 c968 
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