Ms Drown: To ask the Chancellor of the Exchequer what measures he is taking to ensure that the social principles drafted by the World bank will be adhered to by the IMF and World bank in Any Future Financial Crisis lending.

We therefore welcome the Commission's proposals on reform of supervision and the subsequent movement to reach general agreement in the European Council in December as the first steps towards an interconnected system of supervision within the European Union which can help to prevent a Future Financial Crisis.

We recommend that the creation of such an authoritative structure, must be part of the reforms for handling Future Financial Crisis".

The potential to close down a bank and move accounts overnight to a solvent bank could be a valuable tool in a Future Financial Crisis.

The potential to close down a bank and transfer its accounts overnight to a solvent bank would be a valuable tool in Any Future Financial Crisis.