I am grateful to the right hon. Gentleman. The directors of Northern Rock said in the company's 2007 report and accounts that they needed to reduce capital and increase lending to get in line with regulatory requirements. How does he account for that? What does it tell us about the regulations?
Banking Bill
Proceeding contribution from
John Redwood
(Conservative)
in the House of Commons on Tuesday, 14 October 2008.
It occurred during Debate on bills on Banking Bill.
Type
Proceeding contribution
Reference
480 c728
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-16 01:49:10 +0000
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