Debate on the Address — [1st Day]

Part of Outlawries Bill – in the House of Commons at 4:41 pm on 18th November 2009.

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Photo of John McFall John McFall Chair, Treasury Committee, Chair, Treasury Committee 4:41 pm, 18th November 2009

I can point the right hon. Gentleman precisely to the Treasury Committee report on the run on Northern Rock. It was the lack of prudential regulation by the regulator. The regulator agreed, and indeed, its self-examination came to the same conclusion. Prudential regulation is very important-

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