Banking: Financial Stability

Part of the debate – in the House of Lords at 4:09 pm on 8th October 2008.

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Photo of Lord Soley Lord Soley Labour 4:09 pm, 8th October 2008

My Lords, I, too, welcome this decision. Will my noble friend keep the House informed about the important long-term implications for the reform aspects of the international financial regime, particularly the IMF, and how we regulate banking in a global economy? These are complex issues but they are important for the long-term management of such problems in the future; this is not only a national crisis. Will he undertake to keep us informed not only about the Washington talks but about other talks which will address these complex matters in the coming months?