Mr Hutton said: "Payment by results is a fundamental reform to the way finances flow around the NHS.
The official questioning seems to be moving even faster than efforts by experts from PricewaterhouseCoopers and two investment banks, Mediobanca and Lazard, to disentangle the web through which Parmalat's finances flowed.
Politicians have applied a fiscal stimulus and, to keep housing finance flowing, relaxed prudential controls on government-sponsored mortgage lenders.
If regional banks are fighting to survive, lower fees will not be enough to get small-business finance flowing again.
Meanwhile, Dexia's board was still working to figure out how keep financing flowing to French municipalities where it was a big lender.
The Dutch are concerned that failure by donors to get fast-track financing flowing quickly will lead to more friction with developing countries later this year.
Banks in the UK have already undergone significant change since the global crisis, including significantly increasing their capital and liquidity and establishing resolution plans, to protect depositors and to keep finance flowing, should a bank get into difficulty.
That is despite an agreement with Lloyds Banking Group and Royal Bank of Scotland (RBS), respectively 41% and 68% government-owned, that they will lend £94 billion between them to businesses of all sizes in the year to February 2011.The paper lays out plans, for consultation until September 20th, to get more finance flowing.
The Federal Reserve also stepped in with massive liquidity programs designed to keep short-term financing flowing.
Impact investing, the type of financing flowing to businesses generating social value alongside profits, has reached more than $60 billion in assets, and is estimate to grow at $10 billion a year.
