Proceeding contribution from Mark Hoban (Conservative) in the House of Commons on Monday, 21 November 2011. It occurred during Ministerial statement on Northern Rock.
Northern Rock
What we put in place with Virgin Money is a capital instrument which is an important part of its financing structure, and the terms of that instrument will be set in place shortly. It is important to recognise that we want to see a well capitalised bank there. The FSA will look very carefully at the structure of Northern Rock and its ownership. As I said, Virgin operated a business model whereby it has capital levels which are much greater than those of some of its peers. That is a welcome sign that Virgin takes financial stability very seriously indeed.
Secondary information
- Type
- Proceeding contribution
- Reference
- 536 c41
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Government shareholding Sales Northern Rock plc Virgin Money
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 13:53:16 +0000
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