Financial Secretary to the Treasury, Mark Hoban, made a statement in the House of Commons on Thursday 14 June on banking reform.
The Government has published a White Paper on banking reform along with a consultation on its proposals for implementing the recommendations of the Independent Commission on Banking. Further information on the consultation and a copy of the White Paper can be found on the HM Treasury website.
Shadow Chancellor of the Exchequer, Ed Balls, responded to the statement on behalf of the Opposition.
Watch and read the statement and the views expressed by MPs on Parliament TV and in Commons Hansard. Also find current parliamentary material on financial institutions in the Topics and News sections.
Oral statements are made after Question Time (or at 11am on a Friday). Statements normally relate to matters of policy or government actions. At the end of a statement, MPs can respond or question the government minister on its contents.