Dennis Skinner
Main Page: Dennis Skinner (Labour - Bolsover)Department Debates - View all Dennis Skinner's debates with the HM Treasury
(11 years, 11 months ago)
Commons ChamberMr 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.
Having listened to all the plaudits, all I can say is that this man Mr Carney and Mr Bean had better be good.
I can assure the hon. Gentleman that Dr Carney and Dr Bean are excellent.