Backbench Business — Banking Reform — Only Underwrite Purely Deposit-Taking Banks — State Run Derivatives Clearing House — 29 Nov 2010 at 19:30
Patrick McLoughlin MP, Derbyshire Dales voted against removing the implicit taxpayer guarantee from all but purely deposit-taking banks and for the Government to establish a clearing house for all financial derivatives.
The majority of MPs voted to remove the implicit taxpayer guarantee from all but purely deposit-taking banks and for the Government to establish a clearing house for all financial derivatives.
The motion rejected by the majority of MPs was:
- That this House,
- concerned that no action has so far been taken which would prevent a recurrence of the financial crash, calls upon the Government to establish a clearing house for approval of all financial derivatives and to set in place alternative mechanisms to remove the implicit taxpayer guarantee, other than to purely deposit-taking banks, in the event of any future banking collapse.
Votes by party, red entries are votes against the majority for that party.
What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.
What is Turnout? This is measured against the total membership of the party at the time of the vote.
|Party||Majority (No)||Minority (Aye)||Both||Turnout|
|Con||245 (+1 tell)||0||0||80.4%|
|Lab||0||6 (+2 tell)||0||3.1%|
|LDem||38 (+1 tell)||0||0||68.4%|