Proceeding contribution from Matt Hancock (Conservative) in the House of Commons on Monday, 6 February 2012. It occurred during Debate on bill on Financial Services Bill.
Financial Services Bill
Does the Opposition's proposal not seem to be an attempt to re-create a tripartite structure in which there is more than a relationship between one and one other? We have problems with the concept of ““too big to fail””, and the example of Barings has been cited. That bank did not bring the rest of the system down: the directors ended up losing their jobs and the person responsible went to prison. Will the Chancellor consider the scale of that failure, compared with what happened in 2008 when the whole system collapsed?
Secondary information
- Type
- Proceeding contribution
- Reference
- 540 c59
- 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 15:25:22 +0000
- URI
- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_807293
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