Finance Ministers' Meeting (Ireland)

Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 12:34 pm on 17th November 2010.

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Photo of Andrea Leadsom Andrea Leadsom Conservative, South Northamptonshire 12:34 pm, 17th November 2010

Does my hon. Friend agree that the banking crisis was caused, in large part, by poor regulation? Will he take into account comments made by the City of London corporation to the Treasury Committee yesterday that UK banks believe that the regulatory regime we are putting in place in the UK has elements that are not compatible with the European regulatory regime? Will he take those comments very seriously and try to make sure that Britain's banking sector is properly regulated and not incompatible with the European regime?