Written question asked by Lord Myners (Labour), in the House of Lords. It was answered by Lord Sassoon (Conservative) on Monday, 5 December 2011.
Finance: Virgin Money
- Question
- To ask Her Majesty’s Government what discussions or correspondence HM Treasury has had with the Financial Services Authority about providing capital relief in support of Virgin Money’s proposed acquisition of Northern Rock; and whether Northern Rock will be permitted to repay capital to its new owners.
- Answer
-
Treasury Ministers and officials have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. As was the case with previous Administrations, it is not the Government's practice to provide details of all such meetings. The capital requirements for Virgin Money and Northern Rock Plc are a matter for the Financial Services Authority.
Secondary information
- Type
- Written question
- Reference
- 13616; 733 c115WA
- Session
- 2010-12
- Subjects
- Finance Sales Northern Rock plc Virgin Money
- Link
- View this Written question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2013-11-20 03:49:21 +0000
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- http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1658010
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