PARLIAMENTARY WRITTEN QUESTION
Financial Services (19 February 2016)

To ask Mr Chancellor of the Exchequer, what assessment he has made of the implications for financial system resilience of the Prudential Regulation Authority's proposed rules on ringfencing; and if he will make a statement.

Asked by:
Richard Burgon (Independent)

The Government is confident that the Prudential Regulation Authority's proposed rules on ring-fencing are beneficial for financial system resilience. These are fully consistent with the Banking Reform Act (2013), and are necessary to ensure the full and timely implementation of the legislation.

Answered by:
Dame Harriett Baldwin (Conservative)
29 February 2016