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1092787

registered interest
date	21/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banking Competition Remedies: Metro Bank
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they are considering asking, or have asked, Banking Competition Remedies Limited to reconsider the allocation of part of the RBS State aid: alternative remedies package to Metro Bank, in the light of subsequent announcements by Metro Bank of a short fall in equity capital, truncated growth in branch openings and short comings in financial control and governance oversight.
tabling member printed	Lord Myners
uin	HL14738
answer	answer is ministerial correction date of answer 03/04/2019 answer text <p>Banking Competition Remedies (BCR) is the independent body established to implement the Royal Bank of Scotland (RBS) funded Alternative Remedies Package (the Package). BCR has sole responsibility for Package implementation, including responsibility for decisions on Capability and Innovation Fund (CIF) awards.</p><p> </p><p>Firm supervision is a matter for the independent regulators, in this case, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) which jointly regulate Metro Bank.</p> answering member printed Lord Bates grouped question UIN HL14737 HL14739 question first answered 03/04/2019 16:56:17 answering member 1091 label Biography information for Lord Bates
tabling member	3869 label Biography information for Lord Myners

1092788

registered interest
date	21/03/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Metro Bank
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what action, if any, they intend to take as a result of the recent concerns raised by the Financial Conduct Authority and Prudential Regulation Authority in relation to Metro Bank and, in particular, that the bank may have provided inaccurate statements to investors.
tabling member printed	Lord Myners
uin	HL14739
answer	answer is ministerial correction date of answer 03/04/2019 answer text <p>Banking Competition Remedies (BCR) is the independent body established to implement the Royal Bank of Scotland (RBS) funded Alternative Remedies Package (the Package). BCR has sole responsibility for Package implementation, including responsibility for decisions on Capability and Innovation Fund (CIF) awards.</p><p> </p><p>Firm supervision is a matter for the independent regulators, in this case, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) which jointly regulate Metro Bank.</p> answering member printed Lord Bates grouped question UIN HL14737 HL14738 question first answered 03/04/2019 16:56:17 answering member 1091 label Biography information for Lord Bates
tabling member	3869 label Biography information for Lord Myners