G20: Finance Ministers Meeting — Statement

Part of the debate – in the House of Lords at 7:07 pm on 16th March 2009.

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Photo of Lord Soley Lord Soley Labour 7:07 pm, 16th March 2009

My Lords, my noble friend the Minister put considerable emphasis on the banks and responded in even more detail to the two Front Benches. I welcome that, but does he agree that, since this crisis started in the banks and the finance industry, we ought to start looking at the possibility of putting limits on the leverage ratios of banks? That seems to be an important factor, and one almost implied within what my noble friend said.