M
Member
Speaking in the House of Commons on 24 April 2025
Debate
Bank Resolution (Recapitalisation) Bill [Lords]Contribution
It is worth remembering, however, that the issues we are considering relate to banks and building societies once they have failed. In such circumstances, the alternative to demutualisation as part of a resolution may be insolvency, which may have far more adverse consequences for members of the mutual, as well as for the wider mutual and banking sector.
About Hansard
Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.