Draft Amendments of the Law (Resolution of Silicon Valley Bank UK Limited) (No. 2) Order 2023 Debate
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Khalid Mahmood
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Draft Amendments of the Law (Resolution of Silicon Valley Bank UK Limited) (No. 2) Order 2023
Khalid Mahmood Excerpts(11 months, 2 weeks ago)
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Mr Khalid Mahmood (Birmingham, Perry Barr) (Lab)
It 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?