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min date	2019-07-10
min ddp modified	2019-07-15T21:27:08.947Z
answer › answering member › label	Biography information for Lord Young of Cookham
question text	To ask Her Majesty%27s Government what assessment they have made of the preparedness of the financial services industry to solve the issue of%C2%A0LIBOR-linked loan contracts before 2021.

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registered interest

date

exactly:

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and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member printed

question first answered

answering member


label

tabling member


label

1140479

registered interest

date

18/07/2019

answering body

Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

Treasury

hansard heading

LIBOR

house id

legislature

25277

pref label	House of Lords

question text

To ask Her Majesty's Government what assessment they have made of the preparedness of the financial services industry to solve the issue of LIBOR-linked loan contracts before 2021.

tabling member printed

Baroness Kramer

uin

HL17312

answer

is ministerial correction

date of answer

23/07/2019

answer text

The Government is supporting a market – led transition away from LIBOR by end-2021. UK financial services regulators have said that they will be expecting banks to show that they have eliminated dependency on LIBOR in their lending businesses, have suitable plans to move to non-LIBOR products in new lending well before end-2021, and to explain changes to affected customers.

answering member printed

Lord Young of Cookham

question first answered

23/07/2019 16:25:45

answering member

57

label	Biography information for Lord Young of Cookham

tabling member

1557

label	Biography information for Baroness Kramer