New Clause 11 - Review into competitiveness

Part of Financial Services (Banking Reform) Bill – in a Public Bill Committee am 3:30 pm ar 16 Ebrill 2013.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Greg Clark Greg Clark The Financial Secretary to the Treasury 3:30, 16 Ebrill 2013

I welcome that innovation, and I would like to see more of it. If we are to have, as I very much hope we will, a strong and vibrant financial services sector, it should be the equivalent for financial services of silicon valley in the United States for technology—that is to say, the place that is the cradle of innovation to the benefit of all consumers. The matter that has been raised in this group of new clauses is an important one.