Written question asked by Stephen Farry (Alliance) on Friday, 13 October 2023, in the House of Commons. It was due for an answer on Tuesday, 17 October 2023. It was answered by Andrew Griffith (Conservative) on Wednesday, 18 October 2023 on behalf of the Treasury.
Ulster Bank: Interest Rate Hedging Products
- Question
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To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the potential merits of providing independent oversight of the review by NatWest into allegations of mis-selling of fixed rate hedging products by Ulster Bank.
- Answer
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The Government has always been clear that any mis-selling of financial products is completely unacceptable and wrong. However, the allegations of mis-selling of fixed rate hedging or similar products by Ulster Bank are first and foremost a matter for the Financial Conduct Authority (FCA) and it would not be appropriate for the Government to comment at this time.
Secondary information
- Type
- Written question
- Reference
- 201210
- Session
- 2022-23
- Subjects
- Reviews Ulster Bank Interest rate hedging products
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2023-10-18 15:46:05 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/201210
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/201210
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/201210