Steve Baker (Wycombe) (Con): I beg to move, That leave be given to bring in a Bill to require certain financial institutions to prepare parallel accounts on the basis of the lower of historic cost and mark to market for their exposure to derivatives; and for connected purposes. I rise not as an expert in derivatives or derivative accounting, but as someone who has wrestled with the problems of the banking system in the company of experts, both academic and […]
Tags: Banking, Derivatives, Law, Parliament, Reform, Statism