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

Financial Services Bill

As I say, it is the responsibility of the Bank to inform the Government: that is what the legislation and the memorandum of understanding make clear. The Bank, of course, has its own procedures for coming to a view within the Bank. Creating a system where a deputy Governor could bypass the Governor and go directly to the Chancellor would be a recipe for division at the Bank. We have to force the Bank to come to a collective view and then deal with the Government of the day.

Secondary information

Type: Proceeding contribution
Reference: 540 c57
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

Financial Services Bill

Secondary information

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