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European Financial Services Proposals

Part of Oral Answers to Questions — Foreign and Commonwealth Office – in the House of Commons at 4:22 pm on 1st December 2009.

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Photo of Sarah McCarthy-Fry Sarah McCarthy-Fry Parliamentary Secretary, HM Treasury 4:22 pm, 1st December 2009

We are clear that none of the bodies being set up under this legislation should be able to impact on the supervision of individual firms. Credit rating agencies are the only exception, as we did not consider that they posed a fiscal risk.

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