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Banking Reform

Part of Business of the House – in the House of Commons at 1:18 pm on 17th June 2010.

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Photo of Mark Hoban Mark Hoban The Financial Secretary to the Treasury 1:18 pm, 17th June 2010

There is an issue about pay levels, which we will need to look at. I am intrigued by the hon. Gentleman's suggestion that there should be a greater variable element in relation to performance, given that a critique of many is that an excessive bonus culture in the City contributed to the financial crisis.

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