Written question asked by Lord Myners (Labour), in the House of Lords. It was answered by Lord Sassoon (Conservative) on Thursday, 20 January 2011.
Banking: Bonuses
- Question
- To ask Her Majesty’s Government, further to the Statement by Lord Sassoon on 11 January on banking bonuses (Official Report, col. 1330), whether they intend to instruct UK Financial Investments to press for renegotiation or termination of the ““thoroughly inadequate contracts”” in place for certain key executives at the Royal Bank of Scotland.
- Answer
-
On 26 November 2009 the Government and the Royal Bank of Scotland (RBS) signed a full and legally binding agreement in respect of RBS's participation in the asset protection scheme. This agreement, entered into by the previous Government, cannot be unilaterally amended, save in very limited respects, by this Government, or by UK Financial Investments on behalf of this Government.
Secondary information
- Type
- Written question
- Reference
- 5817; 724 c58WA
- Session
- 2010-12
- Related items
- Subjects
- Banks Incentives Royal Bank of Scotland UK Financial Investments Asset protection scheme
- Link
- View this Written question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2013-11-20 02:24:06 +0000
- URI
- http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1579461
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1579461
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1579461