Written question asked by Gregory Campbell (Democratic Unionist Party) on Friday, 13 June 2025, in the House of Commons. It was due for an answer on Wednesday, 18 June 2025 (named day). It was answered by Emma Reynolds (Labour) on Wednesday, 18 June 2025 on behalf of the Treasury.
Cars: Credit
- Question
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To ask the Chancellor of the Exchequer, pursuant to the Answer of 9 June 2025 to Question 56735 on Cars: Credit, what assessment she has made of the adequacy of the banking sectors' resilience in ensuring the scale of regulated motor finance is manageable.
- Answer
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HM Treasury works in close coordination with the Bank of England, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA), monitoring the resilience of the banking sector and the overall stability of consumer credit markets, including motor finance. Regular stress testing by the Bank of England shows the UK banking system remains strong, resilient, and well capitalised. HM Treasury continuously monitors risks across the financial sector and escalates its response where appropriate in coordination with the independent financial authorities.
Secondary information
- Type
- Written question
- Reference
- 59714
- Session
- 2024-26
- Related items
- Subjects
- Banks Cars Credit Sales
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2025-09-05 23:17:27 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/59714
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/59714
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2024-25/59714