Andrea Leadsom
Main Page: Andrea Leadsom (Conservative - South Northamptonshire)Department Debates - View all Andrea Leadsom's debates with the HM Treasury
Finance Ministers’ Meeting (Ireland)
Andrea Leadsom Excerpts(13 years, 6 months ago)
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Andrea Leadsom (South Northamptonshire) (Con)
Does my hon. Friend agree that the banking crisis was caused, in large part, by poor regulation? Will he take into account comments made by the City of London corporation to the Treasury Committee yesterday that UK banks believe that the regulatory regime we are putting in place in the UK has elements that are not compatible with the European regulatory regime? Will he take those comments very seriously and try to make sure that Britain’s banking sector is properly regulated and not incompatible with the European regime?
Mr Hoban
I have not seen in detail the comments made by the City of London corporation yesterday in evidence to the Treasury Committee, but I am determined that the regulatory reforms that we introduce will lead to a more stable and sustainable financial services sector—and a more stable and sustainable economy.