Proceeding contribution from Stephen Gilbert (Liberal Democrat) in the House of Commons on Monday, 6 February 2012. It occurred during Debate on bill on Financial Services Bill.
Financial Services Bill
My right hon. Friend has talked about the macro-prudential powers that the Bank of England will have, beyond its monetary policy powers, to step in and help to cool down the economy. Those powers will include setting the ratio for the multiples of earnings that can be borrowed to secure a mortgage, which could have serious consequences across the country. However, those regimes have not yet been published or discussed. Can he give me an assurance that, when those macro-prudential powers are published, the House will have a debate on them?
Secondary information
- Type
- Proceeding contribution
- Reference
- 540 c53
- 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
Librarians' tools
- Timestamp
- 2023-12-15 15:24:51 +0000
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_807272
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