Examination of Witnesses (Questions 40-41)
LORD MYNERS
CBE AND MR
STEPHEN PICKFORD
3 JUNE 2009
Q40 Keith Hill: Finally, what are
you hearing from the Bank and the FSA?
Lord Myners: The Larosie"re
thinking is very similar to the thinking of the Turner review.
So I think the FSA are comfortable with the negotiating position
that we are taking. Similarly, clearly, the Bank would be very
supportive of the line we are taking on the fact that the Chairmanship
of the new systemic entity should not be fixed permanently beyond
this holder of the Presidency of the ECB.
Q41 Chairman: Thank you very much,
Lord Myners. We have come to the end of our questions. I did say
there is an option that if you feel there are any matters we have
not raised that you would like to put on the record before you
go off to have a debate next week, you are free to do so.
Lord Myners: Thank you, first
of all; I hope it has been helpful. If, on reflection, there is
something which I think would be helpful either that was not raised
in questioning or where I could have (and I am sure it is the
case on many occasions) given you a better answer than I did,
it might be a more effective use of your time if I wrote rather
than made a further statement now.
Chairman: That is fine. If there are
any matters that our excellent Clerk and advisers come up with
I will write to you as quickly as possible. Thank you very much
for your time; I think it has been most useful.
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