PARLIAMENTARY WRITTEN QUESTION
Banks: Regulation (25 January 2016)
Question Asked
To ask Mr Chancellor of the Exchequer, whether his Department has made representations to the Bank of England regarding the regulation of any specific bank since May 2015.
Asked by:
Wes Streeting (Labour)
Asked by:
Wes Streeting (Labour)
Answer
The Prudential Regulation Authority is a subsidiary of the Bank of England and operationally independent of Government.
Treasury Ministers and officials meet regularly with the Prudential Regulation Authority to discuss relevant regulatory issues.
As was the case with previous Administrations, it is not the Treasury’s practice to provide details of all such discussions.
Answered by:
Dame Harriett Baldwin (Conservative)
28 January 2016
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