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Clause 1 - Deputy Governors

Part of Financial Services Bill – in a Public Bill Committee at 12:00 pm on 21st February 2012.

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Photo of Jesse Norman Jesse Norman Conservative, Hereford and South Herefordshire 12:00 pm, 21st February 2012

It is good to hear the hon. Gentleman say that the situation is unavoidable. The contrast, as he was hinting at, is the situation in 1997 when we did not have a financial crisis, yet a series of ill-thought-through changes were rushed through Parliament on, in many cases, an ex-post basis without adequate thought, and we see the result around us now.