The Minister is of course right to distinguish between the article and the so-called Volcker rule, but I am not clear from his speech at Second Reading and this afternoon what his attitude is towards separating risky banking from less risky banking. That is, in essence, what we mean when we say Glass-Steagall. He turned it down but did not say why.
Financial Services Bill
Proceeding contribution from
Lord Higgins
(Conservative)
in the House of Lords on Wednesday, 10 March 2010.
It occurred during Committee of the Whole House (HL)
and
Debate on bills on Financial Services Bill.
Type
Proceeding contribution
Reference
718 c282
Session
2009-10
Chamber / Committee
House of Lords chamber
Subjects
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Timestamp
2024-04-21 20:13:54 +0100
URI
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