Jason McCartney
Main Page: Jason McCartney (Conservative - Colne Valley)Department Debates - View all Jason McCartney's debates with the HM Treasury
(11 years, 9 months ago)
Commons ChamberThe hon. Gentleman is right: we need to protect the ring fence from the ingenuity of the lawyers who are sometimes in the vicinity. The history of financial regulation shows that banks have been able to discover ways of circumventing the rules, which is why we have given the regulator robust powers to insist on the full separation into retail and investment of any bank that makes any attempt to breach those rules.
Can the Minister confirm that, under this Government, the taxpayer will never again be required to bail out the banks while a minority of bankers are picking up huge bonuses?