Financial Services Bill

I am all in favour of sinners who repent, but does the noble Lord recall that in the 1980s the Conservative Government supported the big bang and deregulation almost endlessly, which gave rise in the end to the repudiation of the Glass-Steagall legislation in the United States? If he repents, perhaps that is good. In general, I support his arguments, as I argued against them when he was in the Government.