New Clause 20 - Annual assessment of developments in respect of risk-weighting

Part of Financial Services (Banking Reform) Bill – in a Public Bill Committee at 4:45 pm on 16 April 2013.

Alert me about debates like this

Photo of Chris Leslie Chris Leslie Shadow Minister (Treasury) 4:45, 16 April 2013

That is a useful commitment from the Minister. The risk-weighting issue formed a central part of the thoughts of the Parliamentary Commission on Banking Standards. While the question is clearly technical, it all boils down to ensuring that our banks are safe, that we do not just leave it to them to self-regulate and that some firm, robust and rigorous regulation is put in place, which is why we tabled the new clause. We will want to pursue the issue and will certainly hold the Minister to account for his commitment on Report. I beg to ask leave to withdraw the motion.