Financial Services Regulation

Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 12:31 pm on 16 June 2010.

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Photo of George Osborne George Osborne The Chancellor of the Exchequer 12:31, 16 June 2010

My right hon. Friend is absolutely right. The overall objective is to move away from a process of regulation that is simply about ticking boxes to one where more judgment is exercised and people start to ask those such as Sir Fred Goodwin, "What are you doing with your bank? Is it right that you are taking over ABN AMRO?", instead of asking him whether he wants a knighthood.