Written question asked by Stephen Farry (Alliance) on Thursday, 14 September 2023, in the House of Commons. It was due for an answer on Monday, 18 September 2023. It was answered by Andrew Griffith (Conservative) on Thursday, 21 September 2023 on behalf of the Treasury.
Ulster Bank: Loans
- Question
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To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential merits of reviewing the use of (a) interest rate hedging and (b) swap-like products in connection with fixed rate loans products by Ulster Bank in Northern Ireland.
- Answer
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In June the High Court granted permission for a legal review of the Financial Conduct Authority’s (FCA’s) handling of the compensation for victims of the mis-selling of Interest Rate Hedging Products (IRHPs). A final hearing is expected to take place in 2024. In the meantime, I hope you can appreciate that it would not be appropriate for the Government to comment on an ongoing legal case.
Secondary information
- Type
- Written question
- Reference
- 199685
- Session
- 2022-23
- Subjects
- Loans Ulster Bank Interest rate hedging products
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2023-10-05 20:26:53 +0100
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- http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/199685
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