BANKERS' CONDUCT

EDM number 2160 in 2007-08, proposed by Paul Flynn on 06/10/2008.
Categorised under the topics of Financial institutions and Regulation.

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.

This motion has been signed by a total of 29 MPs, 1 of these signatures have been withdrawn.