Draft Amendments of the Law (Resolution of Silicon Valley Bank UK Limited) (No. 2) Order 2023 Debate
Full Debate: Read Full DebateKhalid Mahmood
Main Page: Khalid Mahmood (Labour - Birmingham, Perry Barr)Department Debates - View all Khalid Mahmood's debates with the HM Treasury
(1 year, 2 months ago)
General CommitteesIt is always a pleasure to serve under your stewardship, Ms McVey.
I agree with my hon. Friend the Member for Hampstead and Kilburn that we should not contest the order, but I want the Minister to note a couple of things. The continual failure of banks hurts growing businesses that it is important we support. Will the Minister look to strengthen the PRA to ensure that there is sufficient depth to scrutinise banks and their savings? Will he look into the idea of a national development bank to help businesses and small start-ups to succeed?