Written question asked by Tony Worthington (Labour) on Tuesday, 13 March 2001, in the House of Commons. It was due for an answer on Tuesday, 20 March 2001. It was answered by Melanie Johnson (Labour) on Tuesday, 20 March 2001 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, what steps he is taking to investigate the reasons underlying the decision by the Financial Services Authority to approve the restructuring of Iron Trades Holdings shortly before the collapse of Chester Street Holdings. - Ref to 6 March 2001, 364 c46-9WH.

Answer: Mr. Worthington: To ask the Chancellor of the Exchequer what steps he is taking to investigate the reasons underlying the decision by the Financial Services Authority to approve the restructuring of Iron Trades Holdings shortly before the collapse of Chester Street Holdings. [154168] Miss Melanie Johnson: As I said in Westminster Hall on 6 March 2001, Official Report, columns 46-49WH, the provisional liquidators are required to review the affairs of Chester Street Holdings and the actions of the directors and other parties. The provisional liquidators will report on their findings.

Secondary information

Type: Written question
Reference: 154168; 365 c173W
Session: 2000-01
Subjects: Company liquidations Insurance companies Insolvency Chester Street Insurance Holdings Iron Trades Insurance Group
Link: View this Written question on www.publications.parliament.uk