Banking Reform

Steve Rotheram Excerpts

Thursday 17th June 2010 Commons Chamber

[Mr Hoban]

I hope that the Opposition will welcome the measures, but their views were not very clear from what the shadow Treasury spokesman said. In the past three or four years, when we have debated the reform of parts of the banking regulation sector, the problem has been that the then Government were unable to engage in the fundamental debate about whether the architecture was right. They failed to address that question, and that led to a new Government addressing that question and putting things right for the first time.

[Steve Rotheram (Liverpool, Walton) (Lab)]

Will the Minister invite hon. and right hon. Members who are interested in the future of Liverpool football club to a meeting with RBS officials fully to scrutinise the deal that props up its leveraged buy-out by two American business men?

[Mr Hoban]

The board and management of RBS are responsible for its day-to-day commercial activities.