The Financial Services Authority says that one reason why RBS failed was the political pressure put on the regulator to ignore the risks banks were taking. It named the shadow Chancellor as one of the three politicians responsible for that. What checks and balances are in place now to ensure that that does not happen again, and has my right hon. Friend had an apology from the shadow Chancellor?
Banking Reform
Proceeding contribution from
Nadhim Zahawi
(Conservative)
in the House of Commons on Monday, 4 February 2013.
It occurred during Urgent question on Banking Reform.
Type
Proceeding contribution
Reference
558 c31
Session
2012-13
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2020-01-14 14:51:28 +0000
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