Financial Crisis

Part of the debate – in the House of Commons at 3:56 pm on 20th January 2009.

Alert me about debates like this

Photo of Philip Hammond Philip Hammond Shadow Chief Secretary to the Treasury 3:56 pm, 20th January 2009

My right hon. Friend is absolutely right. No effective due diligence was exercised, and we have to ensure that, as the Government get involved more deeply with the bank, they conduct an effective independent audit of the quality of the assets they propose to underwrite, so that the insurance they propose to put in place can be properly and fairly priced.

Embed this video

Copy and paste this code on your website