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Written question asked by Dai Davies (Independent (affiliation)) on Wednesday, 25 November 2009, in the House of Commons. It was due for an answer on Monday, 30 November 2009. It was answered by Sarah McCarthy-Fry (Labour) on Monday, 7 December 2009 on behalf of the Treasury.


Banks: Loans

Question
To ask the Chancellor of the Exchequer when the auditors of the accounts of the Bank of England for 2008-09 were informed of the loan to (a) RBS and (b) HBOS made in October 2008.
Answer

The Bank's auditors were made aware of the emergency liquidity assistance to RBS and HBOS prior to the commencement of their audit of the Bank's accounts for the year to 28 February 2009.The relevant Bank of England Annual Report can be accessed via:"http://www.bankofengland.co.uk/publications/annualreport/index.htm"


Secondary information

Type
Written question
Reference
502 c51W; 302985
Session
2009-10
Subjects
Banks Finance
Link
View this Written question on www.publications.parliament.uk