Amendment of the law

I have talked to people involved in banking in my own area of Northern Ireland and they have confessed that in the past 10 to 15 years banks were lending junkies. Yet now, as the hon. Gentleman acknowledges, we are relying on the very pushers to manage their way through this problem. We have recapitalised the banks—we have put the money in and helped to stabilise them—and are simply relying on them to conduct things, yet, as he says, we hear from businesses that they are not getting the credit. Does he agree that this House perhaps needs to have more oversight of banking performance and practices in such circumstances? We cannot leave it to the Treasury Committee to try to pursue and examine these things, in addition to the huge amount of other things that it is having to deal with in this situation. Given the scale of intervention and support that there has been from the taxpayer, perhaps we need to see how the House can provide a bit more oversight and put better manners on some of the banks.