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Proceeding contribution from Ed Balls (Labour) in the House of Commons on Monday, 6 February 2012. It occurred during Debate on bill on Financial Services Bill.


Financial Services Bill

I will set out our position in my speech, but the idea that by making the Bank of England independent and adding a second deputy governor with responsibility for macro-prudential financial stability on both the Monetary Policy Committee and the FSA board, the Bank's role in macro-prudential stability is diminished or removed is plain wrong. The Chancellor should not be allowed to state things that are outwith the facts.


Secondary information

Type
Proceeding contribution
Reference
540 c49 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Consumers Banks Credit Building societies Bank of England Financial services Financial Services Authority Protection Regulation Financial Policy Committee Financial Conduct Authority Prudential Regulation Authority
Legislation
Financial Services Bill 2010-12 to 2012-13
Link
View this Proceeding contribution on www.publications.parliament.uk