Written question asked by Lord Myners (Labour), in the House of Lords. It was answered by Lord Sassoon (Conservative) on Monday, 14 February 2011.
Banking: Royal Bank of Scotland
- Question
- To ask Her Majesty’s Government, further to the statement by Lord Sassoon on 11 January (Official Report, col. 1330), whether the ““thoroughly inadequate contracts”” in place at the Royal Bank of Scotland are contracts between the Royal Bank of Scotland and its executives or are part of the asset protection scheme agreement signed on 26 November 2009.
- Answer
-
On 26 November 2009 the previous Government and the Royal Bank of Scotland (RBS) signed full and legally binding agreements in respect of RBS’s participation in the Asset Protection Scheme. On 11 January my right honourable friend the Chancellor of the Exchequer described the terms of that agreement concerning remuneration as ““thoroughly inadequate””.
Secondary information
- Type
- Written question
- Reference
- 6410; 725 c103WA
- Session
- 2010-12
- Related items
- Subjects
- Pay Royal Bank of Scotland Asset protection scheme
- Link
- View this Written question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2013-11-20 02:26:05 +0000
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