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Written question asked by Vincent Cable (Liberal Democrat) on Thursday, 26 March 2009, in the House of Commons. It was due for an answer on Monday, 30 March 2009. It was answered by Ian Pearson (Labour) on Tuesday, 21 April 2009 on behalf of the Treasury.


Banks: Finance

Question
To ask the Chancellor of the Exchequer whether he has provided (a) Lloyds Banking Group and (b) RBS with consent to credit hedge in respect of the Residual Amount in the Asset Protection Scheme; and if he will make a statement.
Answer

It is expected that banks will need to apply for consent before hedging in respect of the Residual Amount.


Secondary information

Type
Written question
Reference
491 c636W; 268091
Session
2008-09
Subjects
Banks Finance
Link
View this Written question on www.publications.parliament.uk