British Banking Sector - Question

Part of the debate – in the House of Lords at 3:06 pm on 21 March 2023.

Alert me about debates like this

Photo of Lord Eatwell Lord Eatwell Labour 3:06, 21 March 2023

My Lords, I found the noble Baroness’s position on the current status of the banking system to exhibit extreme complacency. Is she aware that Credit Suisse was very highly capitalised and had in place all the financial anchors on which she relied in her Answer? Yet Credit Suisse has collapsed. Do the so-called Edinburgh reforms not actually come up to this: we are going to make the banking system more competitive, which equals taking greater risks?