I thank the Chancellor for giving way, and my question has to do with the special resolution regime. He has said already that the US may follow the Government's lead on recapitalisation, but why has he set his mind against the idea of taking bad debts off the balance sheets, as America's troubled assets relief programme attempts to do? Will the special resolution regime still allow that capability to be used as a public policy tool if it is judged to be appropriate in the future?
Banking Bill
Proceeding contribution from
Andrew Pelling
(Independent (affiliation))
in the House of Commons on Tuesday, 14 October 2008.
It occurred during Debate on bills on Banking Bill.
Type
Proceeding contribution
Reference
480 c699
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2023-12-16 01:49:43 +0000
URI
http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_499438
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_499438
In Solr
https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_499438