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Securitisation Regulations 2018

Part of Business of the House (Today) – in the House of Commons at 4:07 pm on 13th February 2019.

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Photo of Anneliese Dodds Anneliese Dodds Shadow Minister (Treasury) 4:07 pm, 13th February 2019

I will not strain the House’s patience, but I fear that the Minister, who is normally very clear in his remarks, is mixing apples and pears. He mentioned credit rating in relation to sub-prime mortgage-related securities in the United States. There was a relationship with the US state in that case, because of Fannie Mae and Freddie Mac, but there was not a connection between that process and the British state. I fear that there was a little bit of confusion there.