division_name: Backbench Business &#8212; [11th allotted day] &#8212; Banking Reform
motion: <p class="" pid="b.554.3/1" pwmotiontext="yes">I beg to move,</p>
  
  <p class="indent" pid="b.554.3/2" pwmotiontext="yes">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.</p>
  
  <p class="italic" pid="b.595.1/1" pwmotiontext="yes"> Question put.</p>
  
  <p pid="b.595.1/2" pwmotiontext="yes"><i> The House divided:</i> Ayes 10, Noes 284.</p>