Proceeding contribution from Stewart Hosie (Scottish National Party) in the House of Commons on Monday, 23 April 2012. It occurred during Debate on bill on Financial Services Bill.
Financial Services Bill
The hon. Gentleman is absolutely right that there would be anger, but there would also be economic consequences. If one of the macro-prudential tools invoked was a change in sectoral capital ratios, which impacted to ration mortgages, and there was a 60-day consultation period, the impact in the market, either with deals being rushed through or deals being abandoned, might be as bad. Has he considered the downside of putting such information into the public domain for such a prolonged period?
Secondary information
- Type
- Proceeding contribution
- Reference
- 543 c743
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Consumers Accountability Debts Banks Credit Advisory services Bank of England Fees and charges Financial services Financial institutions Interest rates Public appointments Mortgages Loans Office of Fair Trading Standards Regulation Repayments Trading standards Pre-payment Financial Policy Committee Financial Conduct Authority Prudential Regulation Authority Money Advice Service
- Legislation
- Financial Services Bill 2010-12 to 2012-13
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 16:50:46 +0000
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