Credit Default Swaps
EDM number 2228 in 2007-08, proposed by Harry Cohen on 13/10/2008.
Categorised under the topic of Financial services.
That this House notes that credit default swaps invariably involve an incentive for an institution to fail; notes that those taking out the insurance are speculators having little or no ownership of the institution targeted; further notes that this practice is frequently described as a bet; is concerned that some parts of the UK finance sector could still be at risk from this practice; and calls for this practice to be treated in UK law in the same way as a bet that is void.
This motion has been signed by a total of 15 MPs.
| MP | Date | Constituency | Party | Type |
|---|---|---|---|---|
| Harry Cohen | 13/10/2008 | Leyton and Wanstead | Labour | Proposed |
| David Taylor | 14/10/2008 | North West Leicestershire | Labour | Seconded |
| Martin Caton | 14/10/2008 | Gower | Labour | Seconded |
| Kelvin Hopkins | 14/10/2008 | Luton North | Labour | Seconded |
| Lynne Jones | 14/10/2008 | Birmingham, Selly Oak | Labour | Seconded |
| David Drew | 14/10/2008 | Stroud | Labour | Seconded |
| Ann Cryer | 14/10/2008 | Keighley | Labour | Signed |
| Gordon Prentice | 15/10/2008 | Pendle | Labour | Signed |
| Ken Purchase | 15/10/2008 | Wolverhampton North East | Labour | Signed |
| Ronnie Campbell | 15/10/2008 | Blyth Valley | Labour | Signed |
| Janet Dean | 15/10/2008 | Burton | Labour | Signed |
| Mark Durkan | 15/10/2008 | Foyle | Social Democratic and Labour Party | Signed |
| Dai Davies | 15/10/2008 | Blaenau Gwent | Independent | Signed |
| Alan Simpson | 22/10/2008 | Nottingham South | Labour | Signed |
| Jim Cousins | 28/10/2008 | Newcastle upon Tyne Central | Labour | Signed |
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