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Written question asked by Marcus Jones (Conservative) on Friday, 23 March 2012, in the House of Commons. It was due for an answer on Tuesday, 27 March 2012. It was answered by Mark Hoban (Conservative) on Monday, 30 April 2012 on behalf of the Treasury.


Banks: EU Law

Question
To ask the Chancellor of the Exchequer what assessment his Department has made of the effect on UK borrowers of the EU Bank Capital Requirements Directive.
Answer

On 20 July 2011, the European Commission adopted proposals on prudential requirements for credit institutions and investment firms, which will replace the current capital requirements directive with a regulation and a directive. The first is the draft regulation on prudential requirements and the second is the draft directive on the access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms. I refer the hon. Member to my Explanatory Memorandum on the Commission's proposals, of which copies are available in the Library.


Secondary information

Type
Written question
Reference
102322; 543 c1180W
Session
2010-12
Subjects
Banks EU law
Link
View this Written question on www.publications.parliament.uk