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
This is important, so I will ask the question again. Can the Chancellor envisage a situation in which the Governor of the Bank of England would choose not to inform the Chancellor because in the Governor's view there was not a material threat to financial stability, and therefore no need for the use of public funds? And if the Governor chose not to come to the Chancellor in such a situation, would that be the Governor's own personal judgment—for example, if the deputy governor for financial stability or the head of the Prudential Regulation Authority took a different view?
Secondary information
- Type
- Proceeding contribution
- Reference
- 540 c56
- 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 15:25:19 +0000
- URI
- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_807280
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