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Banks: Regulation

Volume 482: debated on Wednesday 5 November 2008

To ask the Minister of State, Department for Business, Enterprise and Regulatory Reform if he will review the recommendations of the Better Regulation Executive on banking in light of the events in the banking sector in mid September. (225954)

The Better Regulation Executive has made no specific recommendations on banking. It will continue in its role supporting and challenging Government Departments and regulators, including HM Treasury and the Financial Services Authority, to deliver regulation which is effective, risk-based and proportionate.