The Economy

Part of Council Tax Rebate – in the House of Commons at 5:38 pm on 31st March 2009.

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Photo of Peter Lilley Peter Lilley Conservative, Hitchin and Harpenden 5:38 pm, 31st March 2009

My right hon. Friend is absolutely right. The bulk of regulation was focused on consumer protection rather than systemic stability. There was not enough prudential supervision; if anything, there was too much detailed regulation of the consumer-lender interface.

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