Of course, banks are going to be solvent. Their problem, because of liquidity, is making their assets able to pay their deposits quickly enough. All banks that borrow short and lend long face that problem. Does the right hon. Gentleman agree that it is amazing that the FSA paid little if any attention to banks' liquidity?
Northern Rock and Banking Reform
Proceeding contribution from
Colin Breed
(Liberal Democrat)
in the House of Commons on Monday, 10 March 2008.
It occurred during Estimates day on Northern Rock and Banking Reform.
Type
Proceeding contribution
Reference
473 c26
Session
2007-08
Chamber / Committee
House of Commons chamber
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2023-12-15 23:58:15 +0000
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