【文章內(nèi)容簡(jiǎn)介】 viewamp。rsquo。s conclusions we will publish and consult on the full list of benchmarks tobe covered by this autumn, and we will have the new regime in place by the end of the year.
　　I am also extending the senior managers regime to cover all banks that operate in thiscountry, including the branches of foreign banks.
　　And I can also announce that we will introduce tough new domestic criminal offences formarket abuse, rather than opt into European rules we do not think suitable or sufficient forour needs.
　　For let me make this clear, so no one is in any doubt.
　　The integrity of the City matters to the economy of Britain.
　　Markets here set the interest rates for peopleamp。rsquo。s mortgages, the exchange rates for our exportsand holidays, and the modity prices for the goods we buy.
　　I am going to deal with abuses, tackle the unacceptable behaviour of the few, and ensure thatmarkets are fair for the many who depend on them.
　　Weamp。rsquo。re not going to wait for more scandals to hitamp。ndash。 instead we are going to act now, and and Gentlemen,
　　Robust financial markets are an important part of building a resilient economy.
　　But tonight, I want to address another market which can create a risk to Britainamp。rsquo。s economicstability and prosperity.
　　Not a new risk, but an old and very familiar one to us in this country amp。ndash。 and thatamp。rsquo。s our housingmarket.
　　The challenge is that we want several things which donamp。rsquo。t sit fortably together.
　　For most people, their home is the biggest investment of their lifetime. And, of course, theywant that asset to increase in value over time.
　　But a home is also a place to live and build our lives amp。ndash。 and we want all families to be able toafford security, fort and peace of mind. That means homes have to be affordable amp。ndash。whether youamp。rsquo。re renting or buying.
　　The only way that can be achieved over the long term is by building more, so supply bettermatches demand.
　　But we are a small and crowded island, keen to protect our green spaces and ready to objectto new development.
　　So the British people want our homes to go up in value, but also remain affordable。 and wewant more homes built, just not next to us.
　　You can see why no one has managed yet to solve the problems of Britainamp。rsquo。s housing market.
　　Instead we have the repeated cycle of financial instability driven by high household debt。 andwe see the social injustice of millions of families denied good homes.
　　But that should not deter our generation from trying to fix the housing challenge amp。ndash。 for theprice of failure is too high.
　　So my message today is this.
　　As Chancellor, I have never shied away from confronting Britainamp。rsquo。s problems.
　　The housing market is no exception.
　　Iamp。rsquo。m determined to back aspiration in every way I can, including the aspiration to own yourown home.
　　But Iamp。rsquo。m not going to opt for the easy route of some of my recent predecessors: duck the issues,risk a housing boom, and keep my fingers crossed that it wonamp。rsquo。t damage the economy.
　　So no irresponsible gambles with stability。 no shortterm fixes.
　　Housing is a long term problem amp。ndash。 and our economic plan will provide long term answers.
　　Hereamp。rsquo。s how.
　　First, we have to be cleareyed about where the risks to economic stability lie today.
　　The risks e when people borrow too much to pay for rising house prices.
　　In excess, that debt can cause serious difficulties for them and the banks who lent to them.
　　And it can cause difficulties for the economy as a whole if an overhang of debt suppressesconsumer spending.
　　Now, today, house prices are still lower in real terms than they were in 20xx amp。ndash。 and are forecastto stay below that peak for some years to e.
　　At the same time debtservicing costs remain at near record lows and rental yields are in linewith long term trends.
　　So there is no immediate cause for alarm.
　　Indeed the most recent data shows that mortgage approvals have actually slowed in the lastcouple of months.
　　But we need to be vigilant.