Economic Affairs and Work and Pensions

Part of Speaker's Statement – in the House of Commons at 3:38 pm on 8th June 2010.

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Photo of Matthew Hancock Matthew Hancock Conservative, West Suffolk 3:38 pm, 8th June 2010

The shadow Chancellor has mentioned the banking crisis several times. With hindsight, does he regret the system of banking regulation that was introduced in 1997, and recognise that it failed?