Royal Bank of Scotland (FSA Report) Debate

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Department: HM Treasury

Royal Bank of Scotland (FSA Report)

Lindsay Hoyle Excerpts
Monday 12th December 2011

(12 years, 11 months ago)

Commons Chamber
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None Portrait Several hon. Members
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rose

Lindsay Hoyle Portrait Mr Deputy Speaker (Mr Lindsay Hoyle)
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We have quite a few Members to get in, so please could we have brief questions and answers?

Tony Baldry Portrait Tony Baldry (Banbury) (Con)
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The shadow Minister said that the regulation did not work and the regulator did not do anything sufficiently. Surely the reason for that was because the regulator was put under sustained and unacceptable political pressure by two former Prime Ministers and by the current shadow Chancellor. Will my hon. Friend confirm to the House that this Government, and the Treasury under the stewardship of this Chancellor, would not put such pressure on regulators and that the constitutional convention as to how a Government should work with regulators will be properly observed?