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tabling member printed	Chris Leslie
answering dept id	14
answer › date of answer	2016-11-29
answering dept sort name	CaTreasury
max date	2016-11-22

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registered interest

date

exactly:

or between:
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 constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

642158

registered interest

date

22/11/2016

answering body

HM Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

CaTreasury

hansard heading

Banks: EU Action

house id

legislature

25259

pref label	House of Commons

question text

To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect of the recent EU Commission capital requirement directive proposal for foreign banks operating in the EU to set aside specific capital within EU intermediary holding companies on the long-term interests of the UK as a global financial centre; and if he will make a statement.

tabling member constituency

Nottingham East

tabling member printed

Chris Leslie

uin

54299

answer

is ministerial correction

date of answer

29/11/2016

answer text

Following publication of the proposal on 23rd November, we are performing analysis to evaluate the impact of these rules. How much the proposals might affect individual EEA groups operating in the UK would depend on their particular group structure. The rules are not final, but are the starting point for negotiations. The proposals will be taken forward in Council and the European Parliament, and the UK will continue to engage fully in that process, where we will robustly defend Britain’s interest. The UK already requires that subsidiaries of large foreign financial firms in London are well capitalised, meeting local capital and liquidity requirements.

answering member constituency

Brighton, Kemptown

answering member printed

Simon Kirby

question first answered

29/11/2016 16:28:14

answering member

3929

label	Biography information for Simon Kirby

tabling member

422

label	Biography information for Mr Chris Leslie