Lord Campbell-Savours
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Independent Commission on Banking
Lord Campbell-Savours Excerpts(13 years, 2 months ago)
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Lord Sassoon
I see the clock is advancing because of the length of that question. I gave the answer I wanted to give.
Lord Campbell-Savours
Are not 90 per cent mortgages dangerous in conditions where the property market might decline by 20 per cent?
Lord Sassoon
My Lords, it is up to the banks to decide what products they offer. They have to do that within a set of rules that are set down by the regulators. It is not for me to comment on either the business model of an individual bank or the regulation and supervision of the regulators on this point.