New Clause 18 - Mutual societies

Part of Financial Services (Banking Reform) Bill – in a Public Bill Committee am 4:30 pm ar 16 Ebrill 2013.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Chris Leslie Chris Leslie Shadow Minister (Treasury) 4:30, 16 Ebrill 2013

It is important to hold the coalition to account on their pledges. Promoting mutuality is certainly an important pledge. It is not good enough simply to fall back on the Law Commission’s Bill, which is an amalgamation of existing legislation into a single statute. It might make for simpler reading, but it would not necessarily alter the general direction of travel and lead to a renaissance of the mutual and co-operative sector in financial services.