My right hon. Friend is absolutely right. The bulk of regulation was focused on consumer protection rather than systemic stability. There was not enough prudential supervision; if anything, there was too much detailed regulation of the consumer-lender interface.
The Economy
Proceeding contribution from
Lord Lilley
(Conservative)
in the House of Commons on Tuesday, 31 March 2009.
It occurred during Debate on The Economy.
Type
Proceeding contribution
Reference
490 c827
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2024-04-21 10:45:45 +0100
URI
http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_545248
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_545248
In Solr
https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_545248