PARLIAMENTARY WRITTEN QUESTION
Banks: Finance (1 May 2018)
Question Asked
To ask Mr Chancellor of the Exchequer, whether his Department has assessed the potential merits of introducing a green supporting factor to address prudential rules on capital weighting.
Asked by:
Anna McMorrin (Labour)
Asked by:
Anna McMorrin (Labour)
Answer
The Government is considering the potential merits of introducing a green supporting factor into the UK bank capital framework.
Prudential rules on capital weighting ensures the banking sector’s resilience against financial stability risks and are derived from agreed international standards for internationally active banks. Any changes to the framework must not undermine financial stability by creating unnecessary risks.
Answered by:
John Glen (Conservative)
10 May 2018
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