TSC investigates faulty ratings
David questions witnesses
Will proposals for liability regime for ratings agencies be helpful or harmful?
Does the Bank of England know how much spare capacity is in the UK economy?
Why has no action been taken against those responsible for the recession?
Fred Goodwin loses knighthood, but why no enforcement action from the FSA?
What mistakes were made and by whom?
Accounts should be portable to make it easier for people to switch accounts
The witnesses were Andrew Procter, Global Head of Government and Regulatory Affairs, Deutsche Bank, Sally Dewar, Managing Director, International Regulatory Risk, JP Morgan, and Robert Charnley, Head of Regulatory Controllers, EMEA and Asia, Goldman Sachs.
David probes Mark Hoban, MP, Financial Secretary to the Treasury, and Emil Levendoglu, Deputy Director, Financial Regulation Strategy, HM Treasury in their appearance before the Treasury Committee.