Written question asked by Chuka Umunna (Labour) on Monday, 28 March 2011, in the House of Commons. It was due for an answer on Wednesday, 30 March 2011. It was answered by Mark Hoban (Conservative) on Tuesday, 5 April 2011 on behalf of the Treasury.
Financial Services
- Question
- To ask the Chancellor of the Exchequer with reference to paragraph 3.5 of Project Merlin-Banks' Statement, whether a banking institution may be released from its obligations under the agreement if it is deemed necessary by its board.
- Answer
-
As a result of the Government's discussions, the four largest UK banks have committed that the total remuneration paid in 2010 will be lower than it was in 2009 and lower than it would have been otherwise. The Remuneration Committee chair of each bank will write to the FSA to confirm that this commitment has been met.
Secondary information
- Type
- Written question
- Reference
- 50123; 526 c893W
- Session
- 2010-12
- Related items
- Subjects
- Banks Regulation
- Link
- View this Written question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2021-06-07 17:16:23 +0100
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