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93034
star this property registered interest false more like this
star this property date less than 2014-10-13more like thismore than 2014-10-13
star this property answering body
HM Treasury more like this
star this property answering dept id 14 remove filter
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property hansard heading Public Sector Debt: UN Resolutions more like this
star this property house id 1 more like this
star this property legislature
25259
unstar this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, for what reason the UK voted against UN Resolution A/68/L.57/Rev.1, entitled Towards the establishment of a multilateral legal framework for sovereign debt restructuring processes, on 9 September 2014. more like this
star this property tabling member constituency Wirral South more like this
star this property tabling member printed
Alison McGovern more like this
star this property uin 210225 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
unstar this property date of answer remove filter
star this property answer text <p>The Government is actively engaged in ongoing discussions in a number of international fora, to reform the framework for sovereign debt restructurings. As outlined in the joint-EU Explanation of Vote on this Resolution, as with a number of other Governments, the UK Government was not in a position to support this UN resolution given concerns over the lack of time afforded to members to discuss the complex issues it raised.</p><p> </p> more like this
star this property answering member constituency South Northamptonshire more like this
star this property answering member printed Andrea Leadsom more like this
star this property question first answered
less than 2014-10-16T16:25:01.5815127Zmore like thismore than 2014-10-16T16:25:01.5815127Z
star this property answering member
4117
star this property label Biography information for Andrea Leadsom remove filter
star this property tabling member
4083
unstar this property label Biography information for Alison McGovern more like this
92962
star this property registered interest false more like this
star this property date less than 2014-10-13more like thismore than 2014-10-13
star this property answering body
HM Treasury more like this
star this property answering dept id 14 remove filter
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property hansard heading Royal Bank of Scotland more like this
star this property house id 1 more like this
star this property legislature
25259
unstar this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what the value is of sold RBS assets overseas; and how much of that value has been returned to his Department. more like this
star this property tabling member constituency Strangford more like this
star this property tabling member printed
Jim Shannon more like this
star this property uin 210243 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
unstar this property date of answer remove filter
star this property answer text <p>HM Treasury does not hold information relating to the value of assets overseas that have been sold by RBS.</p><p> </p><p> </p><p> </p><p>HM Treasury does not directly receive proceeds from the disposal of RBS assets, rather it retains value through its shareholdings in the company.</p><p> </p><p> </p><p> </p><p>RBS is run on a fully commercial basis, at arm’s length from HM Treasury. It retains its own board of directors who are responsible for the commercial decisions of RBS. HM Treasury is not involved in the disposal decisions or execution process for individual assets.</p><p> </p> more like this
star this property answering member constituency South Northamptonshire more like this
star this property answering member printed Andrea Leadsom more like this
star this property question first answered
less than 2014-10-16T16:16:34.7229304Zmore like thismore than 2014-10-16T16:16:34.7229304Z
star this property answering member
4117
star this property label Biography information for Andrea Leadsom remove filter
star this property tabling member
4131
unstar this property label Biography information for Jim Shannon more like this
93056
star this property registered interest false more like this
star this property date less than 2014-10-13more like thismore than 2014-10-13
star this property answering body
HM Treasury more like this
star this property answering dept id 14 remove filter
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property hansard heading RBS Capital Resolution more like this
star this property house id 1 more like this
star this property legislature
25259
unstar this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what steps he has taken to ensure that businesses in the RBS Capital Resolution bank are restored to the good bank within RBS. more like this
star this property tabling member constituency Liverpool, Walton more like this
star this property tabling member printed
Steve Rotheram more like this
star this property uin 210142 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
unstar this property date of answer remove filter
star this property answer text <p>In November 2013, RBS established RBS Capital Resolution (RCR), an internal bad bank, in order to separate and wind down RBS’s poorly-performing and high-risk assets. RBS transferred £38 billion of ‘high-risk’ legacy assets to RCR. RCR is managed separately from the main bank, and the aim is to wind down these assets in full within three years. As a result, there is not any intention to transfer additional assets in or out of RCR.</p><p> </p><p>Further details on the operations, objectives and composition of loans in RCR can be found in the Government’s Bad Bank Review available at:</p><p> </p><p>https://www.gov.uk/government/publications/rbs-and-the-case-for-a-bad-bank-the-governments-review</p><p> </p><p>RBS also produces detailed reporting updates on the progress of RCR alongside its financial results, which are available on the RBS website.</p><p> </p><p> </p><p> </p> more like this
star this property answering member constituency South Northamptonshire more like this
star this property answering member printed Andrea Leadsom more like this
star this property grouped question UIN
210140 more like this
210141 more like this
star this property question first answered
less than 2014-10-16T13:43:01.2640552Zmore like thismore than 2014-10-16T13:43:01.2640552Z
star this property answering member
4117
star this property label Biography information for Andrea Leadsom remove filter
star this property tabling member
4035
unstar this property label Biography information for Steve Rotheram more like this
93057
star this property registered interest false more like this
star this property date less than 2014-10-13more like thismore than 2014-10-13
star this property answering body
HM Treasury more like this
star this property answering dept id 14 remove filter
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property hansard heading RBS Capital Resolution more like this
star this property house id 1 more like this
star this property legislature
25259
unstar this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, how many businesses with commercial loans transferred to RBS Capital Resolution have been taken out of that division of the bank and restored to the good bank. more like this
star this property tabling member constituency Liverpool, Walton more like this
star this property tabling member printed
Steve Rotheram more like this
star this property uin 210141 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
unstar this property date of answer remove filter
star this property answer text <p>In November 2013, RBS established RBS Capital Resolution (RCR), an internal bad bank, in order to separate and wind down RBS’s poorly-performing and high-risk assets. RBS transferred £38 billion of ‘high-risk’ legacy assets to RCR. RCR is managed separately from the main bank, and the aim is to wind down these assets in full within three years. As a result, there is not any intention to transfer additional assets in or out of RCR.</p><p> </p><p>Further details on the operations, objectives and composition of loans in RCR can be found in the Government’s Bad Bank Review available at:</p><p> </p><p>https://www.gov.uk/government/publications/rbs-and-the-case-for-a-bad-bank-the-governments-review</p><p> </p><p>RBS also produces detailed reporting updates on the progress of RCR alongside its financial results, which are available on the RBS website.</p><p> </p><p> </p><p> </p> more like this
star this property answering member constituency South Northamptonshire more like this
star this property answering member printed Andrea Leadsom more like this
star this property grouped question UIN
210140 more like this
210142 more like this
star this property question first answered
less than 2014-10-16T13:43:01.4359006Zmore like thismore than 2014-10-16T13:43:01.4359006Z
star this property answering member
4117
star this property label Biography information for Andrea Leadsom remove filter
star this property tabling member
4035
unstar this property label Biography information for Steve Rotheram more like this
93058
star this property registered interest false more like this
star this property date less than 2014-10-13more like thismore than 2014-10-13
star this property answering body
HM Treasury more like this
star this property answering dept id 14 remove filter
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
star this property hansard heading RBS Capital Resolution more like this
star this property house id 1 more like this
star this property legislature
25259
unstar this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what the total amount is of commercial loan values that have been transferred to RBS Capital Resolution since its inception. more like this
star this property tabling member constituency Liverpool, Walton more like this
star this property tabling member printed
Steve Rotheram more like this
star this property uin 210140 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
unstar this property date of answer remove filter
star this property answer text <p>In November 2013, RBS established RBS Capital Resolution (RCR), an internal bad bank, in order to separate and wind down RBS’s poorly-performing and high-risk assets. RBS transferred £38 billion of ‘high-risk’ legacy assets to RCR. RCR is managed separately from the main bank, and the aim is to wind down these assets in full within three years. As a result, there is not any intention to transfer additional assets in or out of RCR.</p><p> </p><p>Further details on the operations, objectives and composition of loans in RCR can be found in the Government’s Bad Bank Review available at:</p><p> </p><p>https://www.gov.uk/government/publications/rbs-and-the-case-for-a-bad-bank-the-governments-review</p><p> </p><p>RBS also produces detailed reporting updates on the progress of RCR alongside its financial results, which are available on the RBS website.</p><p> </p><p> </p><p> </p> more like this
star this property answering member constituency South Northamptonshire more like this
star this property answering member printed Andrea Leadsom more like this
star this property grouped question UIN
210141 more like this
210142 more like this
star this property question first answered
less than 2014-10-16T13:43:01.3421974Zmore like thismore than 2014-10-16T13:43:01.3421974Z
star this property answering member
4117
star this property label Biography information for Andrea Leadsom remove filter
star this property tabling member
4035
unstar this property label Biography information for Steve Rotheram more like this