Dennis Skinner
Main Page: Dennis Skinner (Labour - Bolsover)Department Debates - View all Dennis Skinner's debates with the HM Treasury
(11 years, 12 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Osborne
Mr Carney has been pretty tough in Canada, and Canada has a much better record than this country of avoiding bail-outs and keeping Canadian banks safe. As chair of the Financial Stability Board, he has been very keen to secure international agreement on new, tougher rules on pay, risk-taking and the like in order to ensure that individual financial centres do not try to out-compete each other for less and less regulation. I should also make clear that he supports the John Vickers reforms that will be introduced in the Financial Services (Banking Reform) Bill, including the ring-fencing of retail banking, which is the really major reform of banking that the coalition Government are bringing about.
Mr Dennis Skinner (Bolsover) (Lab)
Having listened to all the plaudits, all I can say is that this man Mr Carney and Mr Bean had better be good.
Mr Osborne
I can assure the hon. Gentleman that Dr Carney and Dr Bean are excellent.