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Written question asked by Lord Myners (Crossbench) on Wednesday, 24 July 2019, in the House of Lords. It was due for an answer on Wednesday, 7 August 2019. It was answered by Lord Young of Cookham (Conservative) on Tuesday, 6 August 2019 on behalf of the Treasury.


Banks: Loans

Question

To ask Her Majesty's Government whether they or the Prudential Regulation Authority monitor loans by smaller banks to related parties; and what assessment, if any, they have made of how Wyelands Bank complies in this respect with regulatory limits.

Answer

This is a matter for the Prudential Regulation Authority (PRA), which is operationally independent from Government. The question has been passed on to the PRA. The PRA will reply directly to Lord Myners by letter. A copy of the letter will be placed in the Library of the House.


Secondary information

Type
Written question
Reference
HL17478
Session
2017-19
Related items
Deposited Paper DEP2019-0849
Tuesday, 6 August 2019
Deposited papers
House of Lords
Subjects
Banks Loans Regulation Wyelands Bank
Link
View this Written question on www.parliament.uk