Written question asked by Martin Whitfield (Labour) on Thursday, 7 February 2019, in the House of Commons. It was due for an answer on Tuesday, 12 February 2019 (named day). It was answered by John Glen (Conservative) on Tuesday, 12 February 2019 on behalf of the Treasury.
Royal Bank of Scotland: Asset Protection Agency
- Question
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To ask the Chancellor of the Exchequer, who authorised the Commissioners to approve the Asset Protection Agency’s agreement with RBS on behalf of Her Majesty’s Government.
- Answer
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The Asset Protection Agency (APA) was set up in 2009 to manage the Asset Protection Scheme (APS), with the objective of maintaining financial stability and protecting taxpayersâ interests by ensuring participating banks managed their exposure to high-risk assets responsibly.
The Royal Bank of Scotland (RBS) signed an âAccession Agreementâ to the APS dated 26 November 2009. This agreement remains in the private domain, but the broad parameters are publicly available here: https://otp.tools.investis.com/clients/uk/rbs1/rns1/regulatory-story.aspx?cid=365&newsid=235063. RBSâs participation in the APS was approved by Ministers in HM Treasury at the time.
Secondary information
- Type
- Written question
- Reference
- 218385
- Session
- 2017-19
- Grouped for answer
- Yes
- Subjects
- Royal Bank of Scotland Asset Protection Agency
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2022-06-28 22:18:49 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2017-19/218385
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- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2017-19/218385
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