UK Parliament / Open data

Financial Services Bill

Proceeding contribution from Matt Hancock (Conservative) in the House of Commons on Monday, 6 February 2012. It occurred during Debate on bills on Financial Services Bill.
Does the Opposition's proposal not seem to be an attempt to re-create a tripartite structure in which there is more than a relationship between one and one other? We have problems with the concept of ““too big to fail””, and the example of Barings has been cited. That bank did not bring the rest of the system down: the directors ended up losing their jobs and the person responsible went to prison. Will the Chancellor consider the scale of that failure, compared with what happened in 2008 when the whole system collapsed?
Type
Proceeding contribution
Reference
540 c59 
Session
2010-12
Chamber / Committee
House of Commons chamber
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