Financial Services Bill

Part of the debate – in the House of Commons at 7:53 pm on 30th November 2009.

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Photo of Andrew Smith Andrew Smith Labour, Oxford East 7:53 pm, 30th November 2009

Instead of focusing on substance, the hon. Gentleman seems to be obsessed with architecture. Does he support the idea of giving the Financial Services Authority an enhanced power to intervene when contracts and incentives encourage irresponsible and destabilising behaviour? Is that not the sort of regulation we need to avoid a repetition of the recent crisis?

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