I have a lot of sympathy with what my noble friend has said. However, on my noble friend’s thesis, there is the problem that if you have a regulator of the regulator, you should have a regulator of the regulator of the regulator. At some point you have to put some trust in someone. As he has said, bankers are adept at getting around any set of regulations. Is there not a point at which you have to have trust?
Financial Services (Banking Reform) Bill
Proceeding contribution from
Lord Phillips of Sudbury
(Liberal Democrat)
in the House of Lords on Tuesday, 8 October 2013.
It occurred during Committee of the Whole House (HL), Debate on bills and Committee proceeding on Financial Services (Banking Reform) Bill.
Type
Proceeding contribution
Reference
748 c31
Session
2013-14
Chamber / Committee
House of Lords chamber
Subjects
Librarians' tools
Timestamp
2013-12-20 04:24:44 +0000
URI
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