Financial Services (Regulation)

Part of Oral Answers to Questions — Treasury – in the House of Commons at 2:30 pm on 15th December 2009.

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Photo of Henry Bellingham Henry Bellingham Shadow Minister (Justice) 2:30 pm, 15th December 2009

Does the Chancellor agree that his Government's decision to remove from the Bank of England its banking oversight and regulatory function was incredibly misguided and short-sighted? Does he also agree that that is one of the main reasons why the banking and financial crisis in Britain is worse than in practically any other country-apart, perhaps, from Iceland?

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