BANKERS' CONDUCT

Motion Text

That this House believes that the financial crisis is the result of reckless overtrading by banks and their establishment of special purpose companies to evade regulations; notes that, unlike in the United States, no bankers in the United Kingdom have been investigated for possible criminal actions in the selling of sub-prime mortgages and other toxic financial products; and calls on the Crown Prosecution Service and the Financial Services Authority to co-operate in investigating possible complicity of senior employees of Northern Rock and Bradford & Bingley banks in trading that was irresponsible and possibly illegal.