BANK EQUITY RE-CAPITALISATION

That this House, noting that the terms of the equity re-capitalisation of the British banking sector are open to re-negotiation, calls upon the Government to adjust the terms to include elements of the innovative bail out organised by the Swiss National Bank which purges the Union Bank of Switzerland of toxic mortgage debt assets through the use of a bad bank entity to hold these damaged assets while relying on debt rather than equity exposure for the Swiss taxpayer.