In other words, when investment banks had ample capital prior to the financial crisis in 2008, part of their role was to function as a facilitator of fixed income and equity markets, buying securities with their own capital as prices fell and selling securities with their own capital as prices rose.

FORBES: Volatility And Hedge Fund Games Are Here To Stay

However, the Tories argue that this change should be part of a full-scale review of the role, function and composition of the House of Lords.

ECONOMIST: Peers versus people, round two