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1688979

	registered interest
	date	16/02/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Banks: Regulation
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, whether he has had discussions with the Prudential Regulation Authority on when it will publish its response to Consultation Paper 16/22 on the Implementation of the Basel 3.1 standards.
	tabling member constituency	Shipley
	tabling member printed	Philip Davies
	uin	13939
	answer	answer is ministerial correction date of answer 26/02/2024 answer text <p>The Prudential Regulation Authority (PRA) published its near-final policies on market risk, credit valuation adjustment risk, counterparty credit risk and operational risk in December 2023. The PRA has committed to publishing its final rules for the remaining elements from CP16/22 (credit risk, the output floor, and reporting and disclosure requirements) in Q2 2024.</p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 26/02/2024 10:36:23 answering member 4639 label Biography information for Bim Afolami
	tabling member	1565 label Biography information for Sir Philip Davies

1688980

	registered interest
	date	16/02/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Small Businesses: Loans
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential impact of proposals in the Prudential Regulation Authority Consultation Paper 16/22 on the Implementation of the Basel 3.1 standards on SME lending.
	tabling member constituency	Shipley
	tabling member printed	Philip Davies
	uin	13940
	answer	answer is ministerial correction date of answer 26/02/2024 answer text <p>The PRA is implementing Basel 3.1 as part of the UK’s Smarter Regulatory Framework. As part of this, the government has legislated for an accountability framework to ensure the PRA consider the impact of its implementation of Basel 3.1 on the wider impact on UK economic growth, of which SME lending is a vital part. HM Treasury continues to engage with the Prudential Regulation Authority (PRA) to assess the impact of its Basel 3.1 package on SME lending. The PRA has been clear that its final requirements will be guided by the evidence and that it would ‘particularly welcome’ evidence on the impact on SME lending so it can get its final proposals right. The PRA has said that it intends to publish its second policy statement in Q2 this year which will finalise the requirements in relation to SME lending</p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami grouped question UIN 13941 question first answered 26/02/2024 10:38:15 answering member 4639 label Biography information for Bim Afolami
	tabling member	1565 label Biography information for Sir Philip Davies

1688981

	registered interest
	date	16/02/2024
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Small Businesses: Finance
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to the Prudential Regulation Authority Consultation Paper 16/22 on the Implementation of the Basel 3.1 standards published on 30 November 2022, what recent conversations he has had with the Prudential Authority on SME funding.
	tabling member constituency	Shipley
	tabling member printed	Philip Davies
	uin	13941
	answer	answer is ministerial correction date of answer 26/02/2024 answer text <p>The PRA is implementing Basel 3.1 as part of the UK’s Smarter Regulatory Framework. As part of this, the government has legislated for an accountability framework to ensure the PRA consider the impact of its implementation of Basel 3.1 on the wider impact on UK economic growth, of which SME lending is a vital part. HM Treasury continues to engage with the Prudential Regulation Authority (PRA) to assess the impact of its Basel 3.1 package on SME lending. The PRA has been clear that its final requirements will be guided by the evidence and that it would ‘particularly welcome’ evidence on the impact on SME lending so it can get its final proposals right. The PRA has said that it intends to publish its second policy statement in Q2 this year which will finalise the requirements in relation to SME lending</p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami grouped question UIN 13940 question first answered 26/02/2024 10:38:15 answering member 4639 label Biography information for Bim Afolami
	tabling member	1565 label Biography information for Sir Philip Davies

1671972

	registered interest
	date	21/11/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Gambling
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what estimate he has made of the potential revenue lost from illegal gambling.
	tabling member constituency	Shipley
	tabling member printed	Philip Davies
	uin	2836
	answer	answer is ministerial correction date of answer 28/11/2023 answer text <p>HM Revenue and Customs (HMRC) estimates the size of the tax gap, which is the difference between the amount of tax that should, in theory, be paid to HMRC, and what is actually paid. The tax gap statistics are published annually and are available at: Measuring tax gaps - <a href="https://www.gov.uk/government/statistics/measuring-tax-gaps" target="_blank">Measuring tax gaps 2023 edition: tax gap estimates for 2021 to 2022 - GOV.UK (www.gov.uk)</a></p><p>HMRC does not separately estimate a betting and gaming duty tax gap; it forms part of the ‘other excise duties’ tax gap, namely betting and gaming, cider and perry, spirits-based ready-to-drink beverages and wine duties gaps.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 28/11/2023 14:57:03 answering member 4407 label Biography information for Nigel Huddleston
	tabling member	1565 label Biography information for Sir Philip Davies

1656125

	registered interest
	date	01/09/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Financial Conduct Authority: Staff
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many and what proportion of (a) board members and (b) employees of the Financial Conduct Authority have previous experience in the sectors that they regulate.
	tabling member constituency	Shipley
	tabling member printed	Philip Davies
	uin	195831
	answer	answer is ministerial correction date of answer 11/09/2023 answer text <p>Information about FCA Board members and their professional experience can be found at www.fca.org.uk/about/who-we-are/fca-board.</p><p> </p><p>The FCA is an independent non-governmental body, and the Treasury does not hold information on the prior experience of FCA employees.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 11/09/2023 10:41:39 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1565 label Biography information for Sir Philip Davies

1656126

	registered interest
	date	01/09/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Payment Systems Regulator: Staff
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many and what proportion of (a) board members and (b) employees of the Payment Systems Regulator have previous experience in the sectors that they regulate.
	tabling member constituency	Shipley
	tabling member printed	Philip Davies
	uin	195832
	answer	answer is ministerial correction date of answer 11/09/2023 answer text <p>Information about PSR Board members and their professional experience can be found at: <a href="http://www.psr.org.uk/about-us/psr-governance" target="_blank">www.psr.org.uk/about-us/psr-governance</a></p><p> </p><p>The PSR is an independent non-governmental body, and the Treasury does not hold information on the prior experience of PSR employees.</p><p> </p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 11/09/2023 10:44:46 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1565 label Biography information for Sir Philip Davies

1656127

	registered interest
	date	01/09/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Prudential Regulation Authority: Staff
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, how many and what proportion of (a) board members and (b) employees of the Prudential Regulation Authority have previous experience in the sectors that they regulate.
	tabling member constituency	Shipley
	tabling member printed	Philip Davies
	uin	195833
	answer	answer is ministerial correction date of answer 11/09/2023 answer text <p>Information about PRA Board members and their professional experience can be found at:</p><p>www.bankofengland.co.uk/about/people/prudential-regulation-committee</p><p> </p><p>The PRA is an independent non-governmental body, and the Treasury does not hold information on the prior experience of PRA employees.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 11/09/2023 10:43:11 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1565 label Biography information for Sir Philip Davies

1645336

	registered interest
	date	16/06/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Small Businesses: Loans
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential impact of proposals in the Prudential Regulation Authority Consultation CP 16/22 on the Implementation of the Basel 3.1 standards on the ability of small and medium-sized enterprises to raise funds against their commercial premises, and if he will make a statement.
	tabling member constituency	Shipley
	tabling member printed	Philip Davies
	uin	189941
	answer	answer is ministerial correction date of answer 22/06/2023 answer text <p>The Prudential Regulation Authority (PRA)’s, and HM Treasury’s, consultations on the Basel 3.1 standards closed on 30 March. This included the government’s proposals for deleting retained EU law including which relates to the prudential rules on small and medium-sized enterprises (SMEs) raising funds against their commercial premises. The detailed implementation of the Basel 3.1 package is being delegated to the UK’s expert regulator, the PRA, and its consultation requested information from firms on specific measures, including those relating to SME lending. The government and PRA are currently considering the responses.</p><p> </p><p>The government continues to work with the PRA and businesses closely to understand the impact of the proposed changes, including the impact on SME lending.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 22/06/2023 12:31:24 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1565 label Biography information for Sir Philip Davies

1605679

	registered interest
	date	20/03/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Small Businesses: Loans
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, with reference to the SME lending proposals in the PRA Consultation CP 16/22 on the Implementation of the Basel 3.1 standards, what assessment he has made of the potential impact of those standards on the supply of funding available to SMEs in (a) the UK and (b) Shipley constituency.
	tabling member constituency	Shipley
	tabling member printed	Philip Davies
	uin	169234
	answer	answer is ministerial correction date of answer 27/03/2023 answer text <p>The Government is currently consulting on its proposals for Basel 3.1. This includes proposals for deleting retained EU law including those which relate to the prudential rules on SME lending. The detailed implementation of the Basel package however, has been delegated to the Prudential Regulation Authority (PRA) as the UK’s expert regulator. The PRA is consulting under an accountability framework agreed by Parliament, and has requested information from firms on specific measures including those relating to lending to SMEs.</p><p> </p><p>The consultation can be found here:</p><p><a href="https://www.bankofengland.co.uk/prudential-regulation/publication/2022/november/implementation-of-the-basel-3-1-standards" target="_blank">https://www.bankofengland.co.uk/prudential-regulation/publication/2022/november/implementation-of-the-basel-3-1-standards</a></p><p> </p><p>The Government continues to work closely with the PRA and businesses to understand the impact of potential changes including for the international competitiveness of the UK, the impact on SME lending and the nature of competition between banks that operate in the domestic market.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 169235 169236 169237 question first answered 27/03/2023 14:08:18 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1565 label Biography information for Sir Philip Davies

1605680

	registered interest
	date	20/03/2023
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Small Businesses: Loans
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what discussions his Department has had with the (a) Bank of England, (b) Prudential Regulation Authority and (c) Financial Conduct Authority on the potential impact of removing the support factor for SME lending.
	tabling member constituency	Shipley
	tabling member printed	Philip Davies
	uin	169235
	answer	answer is ministerial correction date of answer 27/03/2023 answer text <p>The Government is currently consulting on its proposals for Basel 3.1. This includes proposals for deleting retained EU law including those which relate to the prudential rules on SME lending. The detailed implementation of the Basel package however, has been delegated to the Prudential Regulation Authority (PRA) as the UK’s expert regulator. The PRA is consulting under an accountability framework agreed by Parliament, and has requested information from firms on specific measures including those relating to lending to SMEs.</p><p> </p><p>The consultation can be found here:</p><p><a href="https://www.bankofengland.co.uk/prudential-regulation/publication/2022/november/implementation-of-the-basel-3-1-standards" target="_blank">https://www.bankofengland.co.uk/prudential-regulation/publication/2022/november/implementation-of-the-basel-3-1-standards</a></p><p> </p><p>The Government continues to work closely with the PRA and businesses to understand the impact of potential changes including for the international competitiveness of the UK, the impact on SME lending and the nature of competition between banks that operate in the domestic market.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 169234 169236 169237 question first answered 27/03/2023 14:08:18 answering member 4874 label Biography information for Andrew Griffith
	tabling member	1565 label Biography information for Sir Philip Davies