UK Parliament / Open data

Banking Bill

Proceeding contribution from Harry Cohen (Labour) in the House of Commons on Wednesday, 26 November 2008. It occurred during Debate on bills on Banking Bill.
I am grateful to the Minister for giving way. I heard what he said about the banks that are not in the rescue scheme. They include big players, which have given big bonuses to their people—and their people have made some big mistakes, causing crisis. What the Minister said sounded very thin. Basically, he said that we had to monitor the situation and that the issue was in the hands of the FSA, which has a record of being weak. Even the shareholders of banks such as Barclays are being treated badly, given the expensive deal with the Arabs, and those shareholders cannot make many inroads with the bank directors. Can the Minister not at least strengthen the shareholders, or do something else to bring these people to account?
Type
Proceeding contribution
Reference
483 c833 
Session
2007-08
Chamber / Committee
House of Commons chamber
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