This is important, so I will ask the question again. Can the Chancellor envisage a situation in which the Governor of the Bank of England would choose not to inform the Chancellor because in the Governor's view there was not a material threat to financial stability, and therefore no need for the use of public funds? And if the Governor chose not to come to the Chancellor in such a situation, would that be the Governor's own personal judgment—for example, if the deputy governor for financial stability or the head of the Prudential Regulation Authority took a different view?
Financial Services Bill
Proceeding contribution from
Ed Balls
(Labour)
in the House of Commons on Monday, 6 February 2012.
It occurred during Debate on bills on Financial Services Bill.
Type
Proceeding contribution
Reference
540 c56 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-15 15:25:19 +0000
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