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999196

registered interest
date	31/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	LIBOR
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, if he will list the recipients of LIBOR funding since the inception of the grant scheme in 2012 by (a) country of the UK and (b) sector.
tabling member constituency	Belfast North
tabling member printed	Nigel Dodds
uin	186226
answer	answer is ministerial correction date of answer 08/11/2018 answer text <p>Details of LIBOR funding can be found at the following links:</p><p> </p><ul><li><p>GOV.UK LIBOR Webpages</p><p><a href="https://www.gov.uk/government/publications/libor-funding-applications/libor-grants-2017" target="_blank">https://www.gov.uk/government/publications/libor-funding-applications/libor-grants-2017</a></p><p> </p></li></ul><p><a href="https://www.gov.uk/government/publications/libor-funding-applications" target="_blank">https://www.gov.uk/government/publications/libor-funding-applications</a></p><p> </p><p><a href="https://www.gov.uk/government/news/banking-fines-to-fund-armed-forces-charity-projects" target="_blank">https://www.gov.uk/government/news/banking-fines-to-fund-armed-forces-charity-projects</a></p><p> </p><p><a href="https://www.gov.uk/government/news/libor-fines-to-fund-armed-forces-charity-projects" target="_blank">https://www.gov.uk/government/news/libor-fines-to-fund-armed-forces-charity-projects</a></p><p> </p><p><a href="https://www.gov.uk/government/news/bank-fines-to-be-used-to-support-britains-armed-forces-community" target="_blank">https://www.gov.uk/government/news/bank-fines-to-be-used-to-support-britains-armed-forces-community</a></p><p> </p><p><a href="https://www.gov.uk/government/news/more-armed-forces-charities-to-benefit-from-banking-fines" target="_blank">https://www.gov.uk/government/news/more-armed-forces-charities-to-benefit-from-banking-fines</a></p><p> </p><p><a href="https://www.gov.uk/government/news/100-million-bank-fines-allocated-by-government-to-good-causes" target="_blank">https://www.gov.uk/government/news/100-million-bank-fines-allocated-by-government-to-good-causes</a></p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 08/11/2018 15:57:33 answering member 4097 label Biography information for Elizabeth Truss
tabling member	1388 label Biography information for Lord Dodds of Duncairn

999242

registered interest
date	31/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Regeneration: Belfast
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, how the £2 million allocated in Budget 2018 for the city centre in Belfast following the fire at Bank Buildings in August 2018 will be distributed.
tabling member constituency	Glasgow Central
tabling member printed	Alison Thewliss
uin	186359
answer	answer is ministerial correction date of answer 08/11/2018 answer text <p>Funding will be added to the Northern Ireland block grant. It will then be allocated to Belfast City Council according to the Northern Ireland Civil Service’s own processes.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 08/11/2018 16:01:34 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4430 label Biography information for Alison Thewliss

999261

registered interest
date	31/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mental Health Services: Finance
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to Budget 2018 paragraph 5.10 on mental health funding, what estimate he has made of the savings that will accrue to the public purse as a result of pressure being taken off (a) accident and emergency, (b) police, (c) probation and (d) social services by 2023-24.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	186287
answer	answer is ministerial correction date of answer 08/11/2018 answer text <p>The government is committed to ensuring that high quality mental health support is available for those that need it, in appropriate, safe settings. Investing in the quality and integration of mental health services will reduce pressure on the NHS and other public services. As announced at Autumn Budget 2018, funding for mental health services will grow as a share of the overall NHS budget over the next five years. Further detail will be set out in the NHS long-term plan in due course.</p><p> </p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 08/11/2018 15:59:49 answering member 4097 label Biography information for Elizabeth Truss
tabling member	1586 label Biography information for Adam Afriyie

997568

registered interest
date	30/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Brexit
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to page 139 of the Office for Budget Responsibility’s report entitled Economic and Fiscal Outlook October 2018, published in October 2018, CM9713, what proportion of the £1.5 billion allocated to the Brexit funding pot will be spent in 2018-19.
tabling member constituency	Greenwich and Woolwich
tabling member printed	Matthew Pennycook
uin	185719
answer	answer is ministerial correction date of answer 08/11/2018 answer text <p>On 13 March, the Treasury allocated c.£1.6bn to departments on March 2018. A full breakdown of the allocation can be found in the Chief Secretary’s Written Ministerial Statement, HCWS540, laid on the 13th March <a href="https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2018-03-13/HCWS540/" target="_blank">https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2018-03-13/HCWS540/</a>.</p><p> </p><p>Details of some of the work done by departments funded by these allocations can be found in the Technical Notices published on 24 August (<a href="https://www.gov.uk/government/publications/uk-governments-preparations-for-a-no-deal-scenario/uk-governments-preparations-for-a-no-deal-scenario" target="_blank">https://www.gov.uk/government/publications/uk-governments-preparations-for-a-no-deal-scenario/uk-governments-preparations-for-a-no-deal-scenario</a>).</p><p> </p><p>The independent Office for Budget Responsibility as part of their fiscal forecast take a judgement on how much departments will underspend on all aspects of DEL spending. This information is available at <a href="https://cdn.obr.uk/EFO_October-2018.pdf" target="_blank">https://cdn.obr.uk/EFO_October-2018.pdf</a>.</p> answering member constituency South West Norfolk answering member printed Elizabeth Truss question first answered 08/11/2018 15:53:27 answering member 4097 label Biography information for Elizabeth Truss
tabling member	4520 label Biography information for Matthew Pennycook

998476

registered interest
date	30/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Companies: Debt
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of the impact on financial stability of the growth of leveraged corporate debt with weak lending covenants; what assessment they have made of any parallels with the situation before the global financial crisis; and what steps they intend to take to restrain that growth.
tabling member printed	Lord Myners
uin	HL11135
answer	answer is ministerial correction date of answer 08/11/2018 answer text <p>The Financial Policy Committee (FPC) of the Bank of England is the body responsible for monitoring systemic risks in the financial sector and, where appropriate, taking action to remove or reduce systemic risks with a view to protecting and enhancing the resilience of the UK financial system. The FPC set out its most recent assessment of risks to UK financial stability in the Record of its 3 October meeting, published on 17 October. This included an assessment of the risks from corporate indebtedness and the growth in leveraged lending. The FPC will publish its next assessment of risks to UK financial stability in the Financial Stability Report on 5 December.</p><p> </p> answering member printed Lord Bates question first answered 08/11/2018 16:12:03 answering member 1091 label Biography information for Lord Bates
tabling member	3869 label Biography information for Lord Myners

997070

registered interest
date	29/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they will require firms offering international money transfer services to show the difference between the exchange rate they are offering and the interbank rate after Brexit.
tabling member printed	Lord Birt
uin	HL11074
answer	answer is ministerial correction date of answer 08/11/2018 answer text <p>Currently the Cross Border Payments Regulation (CPBR), an EU regulation, sets rules on the pricing of cross-border euro payments.</p><p> </p><p>A revised regulation, “CPBR2”, is currently under negotiation in the EU. The original Commission proposal, would, amongst other things, mandate greater transparency for cross-border payments which include currency conversion, through for example reference to the interbank exchange rate. The Government is broadly supportive of proposals which make financial services more affordable and pricing more transparent for consumers, while ensuring that regulation is proportionate to the risks that it seeks to address.</p><p>The Government is making good progress towards agreeing a Withdrawal Agreement with the EU, including an Implementation Period during which common rules would continue to apply until 31 December 2020.</p><p>After the Implementation Period, our proposal for the future UK-EU relationship on financial services would ensure that the development of regulation would be an autonomous matter for both the UK and the EU. Equally, we acknowledge that maintaining continued EU market access will, where necessary, involve maintaining comparable regulatory outcomes with the EU. The Chancellor has been clear that it is vitally important that the UK and the EU, with our common values and standards, continue to work closely together to further enhance the strong international rules we have forged in financial services. The Government has not committed to any changes to the policy outcomes of the current regime following the UK’s exit from the EU.</p> answering member printed Lord Bates question first answered 08/11/2018 15:57:14 answering member 1091 label Biography information for Lord Bates
tabling member	2533 label Biography information for Lord Birt

997085

registered interest
date	29/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bank Services: Hacking
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what statutory reporting systems banks in the UK are subject to in respect of money stolen from customer accounts through hacking.
tabling member printed	Lord Maginnis of Drumglass
uin	HL11089
answer	answer is ministerial correction date of answer 08/11/2018 answer text <p>Under the Financial Services and Markets Act 2000, both the Bank of England and the Financial Conduct Authority have powers that require regulated firms to report to them when that firm suffers operational disruption from a cyber attack.</p><p> </p><p>Under the European Banking Authority’s Payment Services Directive 2 regulation, firms are also required to report operational or security disruption of payments services to the Financial Conduct Authority.</p><p><strong> </strong></p> answering member printed Lord Bates question first answered 08/11/2018 16:08:13 answering member 1091 label Biography information for Lord Bates
tabling member	648 label Biography information for Lord Maginnis of Drumglass

997086

registered interest
date	29/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks: Regulation
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether banking laws and regulations apply consistently across all regions of the UK.
tabling member printed	Lord Maginnis of Drumglass
uin	HL11090
answer	answer is ministerial correction date of answer 08/11/2018 answer text <p>Financial services, including banking, is generally a reserved matter under the devolution settlements for Scotland, Northern Ireland and Wales. The majority of banking laws and regulations therefore apply consistently across all regions of the UK.</p> answering member printed Lord Bates question first answered 08/11/2018 16:08:29 answering member 1091 label Biography information for Lord Bates
tabling member	648 label Biography information for Lord Maginnis of Drumglass

994717

registered interest
date	25/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Bank Services
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of the future of universal banking in the UK.
tabling member printed	Lord Kennedy of Southwark
uin	HL11033
answer	answer is ministerial correction date of answer 08/11/2018 answer text <p>Financial entities that wish to operate as universal banks are subject to the 2012 Financial Services (Banking Reform) Act. The Act requires large UK banks with retail deposits totaling more than £25 billion to ring-fence the deposits of individuals and small businesses from other activities within their groups, such as investment and international banking. By insulating these core banking services in a separate legal entity, ring-fencing will support continuity of provision of vital services to the economy if there are shocks originating elsewhere in the group and the global financial system. It will also make banks that provide these essential services simpler and more resolvable and therefore prevent the costs of failing banks falling on taxpayers. This restructuring was successfully completed by all UK banks within scope in the summer of 2018 and the regime will come into force in January 2019.</p><p> </p><p>Ring-fencing has been part of the Government’s package of banking reforms since 2010, designed to deliver a stable, sustainable and competitive banking system so banks will be better placed to meet their core purpose of lending to the real economy and contributing to economic growth. As part of this strategy, competition and innovation is at the heart of the Government’s vision for UK financial services to deliver greater choice and value for all.</p><p> </p> answering member printed Lord Bates question first answered 08/11/2018 14:10:18 answering member 1091 label Biography information for Lord Bates
tabling member	4153 label Biography information for Lord Kennedy of Southwark

994718

registered interest
date	25/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Mortgages
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of the case for tenant rent payments to be taken into account by mortgage lenders.
tabling member printed	Lord Kennedy of Southwark
uin	HL11034
answer	answer is ministerial correction date of answer 08/11/2018 answer text <p>Whilst meeting rental payments is not sufficient in itself to demonstrate affordability over the lifetime of a loan, the Government believes it is right that a history of paying rent should be recognised in tenants’ credit scores and in affordability assessments.</p><p> </p><p>That’s why, at Autumn Budget 2017, the Government announced the Rent Recognition Challenge: a £2m competition seeking FinTech solutions to enable tenants to record and share their rental data. The Challenge uses the ingenuity of the technology sector to deliver solutions that work for both consumers and businesses.</p><p> </p><p>One of the leading credit reference agencies Experian has recently announced that rental payments will now be reflected in their credit score reports, and is working with winners of the Challenge.</p> answering member printed Lord Bates question first answered 08/11/2018 14:10:49 answering member 1091 label Biography information for Lord Bates
tabling member	4153 label Biography information for Lord Kennedy of Southwark