Engagements

Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 11:30 am on 18th January 2012.

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Photo of David Hamilton David Hamilton Opposition Assistant Whip (Commons) 11:30 am, 18th January 2012

In America, six directors from the bailed-out Freddie Mac and Fannie Mae companies have been taken to court for gross mismanagement. In this country, the Financial Services Authority says that it cannot bring enforcement action against Royal Bank of Scotland because of the ongoing legal tender. Will the Prime Minister consider introducing a legal sanction of strict liability into his draft Financial Services Bill so that those responsible for the banking crisis will be taken to task? After all, we are in this together.