Mary Macleod
Main Page: Mary Macleod (Conservative - Brentford and Isleworth)Department Debates - View all Mary Macleod's debates with the HM Treasury
(10 years, 11 months ago)
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Sajid Javid
The Chancellor has made it clear in very recent statements that he wants to wait for the report from the Parliamentary Commission on Banking Standards. It is a very important report, and we as a Government want to listen and take it seriously. After the report is completed, we will set out our plans for how we see the state banking sector going forward.
Mary Macleod (Brentford and Isleworth) (Con)
As someone who has worked in ABN AMRO and RBS, I pay real tribute to Stephen Hester, who I think was an outstanding chief executive who took the helm and leadership of RBS at the most difficult time in banking history. I am disappointed that he is leaving and I wish him every success in the future. I want to pay tribute, too, as should the House, to the staff of RBS. As we move towards privatisation, let us focus on looking at competition in the banking sector, which will deliver a much better customer service for us all.
Sajid Javid
That is exactly what I was talking about when I touched on the issue of choice in my statement. The introduction of seven-day switching, which will come into force in September, will help to engender the kind of competition that we want to see.