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93057

	registered interest
	date	13/10/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	RBS Capital Resolution
	house id	1
	legislature	25259 pref label House of Commons
	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.
	tabling member constituency	Liverpool, Walton
	tabling member printed	Steve Rotheram
	uin	210141
	answer	answer is ministerial correction date of answer 16/10/2014 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> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 210140 210142 question first answered 16/10/2014 13:43:01 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	4035 label Biography information for Steve Rotheram

93058

	registered interest
	date	13/10/2014
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	RBS Capital Resolution
	house id	1
	legislature	25259 pref label House of Commons
	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.
	tabling member constituency	Liverpool, Walton
	tabling member printed	Steve Rotheram
	uin	210140
	answer	answer is ministerial correction date of answer 16/10/2014 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> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 210141 210142 question first answered 16/10/2014 13:43:01 answering member 4117 label Biography information for Andrea Leadsom
	tabling member	4035 label Biography information for Steve Rotheram