Written question asked by Lord Myners (Labour), in the House of Lords. It was answered by Lord Sassoon (Conservative) on Monday, 24 September 2012.

Liikanen High-level Expert Group

Question: To ask Her Majesty's Government whether they have made a submission to the Liikanen High-level Expert Group on structural aspects of the European Union banking sector; and, if so, whether they will place a copy of the response in the Library of the House. [HL2228]

Answer: The Government have not made a submission to the Liikanen High-level Expert Group but look forward to reviewing its conclusions once the group's final report is published. The recent financial crisis demonstrated that structural reform of banks is a necessary step towards increasing their resilience and resolvability. To this end, the Government are pushing forward with their own structural reforms based on the recommendations of the Independent Commission on Banking.

Secondary information

Type: Written question
Reference: 739 c338WA; HL2228
Session: 2012-13
Notes: Answer received between Monday 10 September and Monday 17 September 2012.
Subjects: Banks EU action Reform
Link: View this Written question on www.publications.parliament.uk