BBA response to Joint Committee on the Draft Financial Services Bill1
05/09/2011

In addition to the detailed questions the Joint Committee is interested in whether the draft legislation will or could better:

• Prevent another financial crisis;
• Handle a financial crisis;
• Deal with bank failure and protect the public purse.

The answer to this has to be that the new structure brings with it the prospect of contributing to each of these objectives though supporting a more intense regulatory engagement and the application of a macro-prudential element to regulation.

Please read the full response via the link below.