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1643113

registered interest
date	08/06/2023
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of introducing stronger regulatory requirements for banks on disclosure of lending criteria to borrowing customers.
tabling member constituency	Weaver Vale
tabling member printed	Mike Amesbury
uin	188627
answer	answer is ministerial correction date of answer 12/06/2023 answer text <p>The government is committed to ensuring that consumers are able to access credit where appropriate, so that they can achieve their financial goals. However, the government does not believe that it would be appropriate for lenders to disclose their precise lending criteria.</p><p> </p><p>Financial Conduct Authority (FCA) rules require lenders to undertake creditworthiness and affordability assessments before lending to a potential borrower. These rules are based on the principle that money should only be lent to a consumer if they can afford to repay it. The rules set out what is expected of firms, and the sanctions if they lend irresponsibly. Firms are free to use a variety of methods and processes to assess credit risk and affordability, and firms can decide what is appropriate in the circumstances.</p><p> </p><p>However, every lender will have its own idea of the particular profile of person that it wishes to lend to. Such information is commercially sensitive and its disclosure could lead to consumers being incentivised to provide misleading information in their credit application and accessing credit products that might not be appropriate for them.</p><p> </p><p>The government is committed to high regulatory standards and will continue to work with regulators to ensure consumer lending is responsible.</p><p> </p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 12/06/2023 14:42:50 answering member 4874 label Biography information for Andrew Griffith
tabling member	4667 label Biography information for Mike Amesbury

1141934

registered interest
date	24/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks: Loans
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether they or the Prudential Regulation Authority monitor loans by smaller banks to related parties; and what assessment, if any, they have made of how Wyelands Bank complies in this respect with regulatory limits.
tabling member printed	Lord Myners
uin	HL17478
answer	answer is ministerial correction date of answer 06/08/2019 answer text This is a matter for the Prudential Regulation Authority (PRA), which is operationally independent from Government. The question has been passed on to the PRA. The PRA will reply directly to Lord Myners by letter. A copy of the letter will be placed in the Library of the House. answering member printed Lord Young of Cookham question first answered 06/08/2019 13:37:27 answering member 57 label Biography information for Lord Young of Cookham
tabling member	3869 label Biography information for Lord Myners

678146

registered interest
date	24/01/2017
answering body	Department for International Trade
answering dept id	202
answering dept short name	International Trade
answering dept sort name	International Trade
hansard heading	Banks: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for International Trade, how many bank loans UK Export Finance protected by the NUTS 1 region in each year since 2009-10.
tabling member constituency	Kingston upon Hull North
tabling member printed	Diana Johnson
uin	61382
answer	answer is ministerial correction date of answer 01/02/2017 answer text <p>UK Export Finance’s (UKEF) range of products work through guaranteeing banks (either loans, bonds or letters of credit), providing a loan directly, or through insurance. UKEF records information on the region of the exporter for its trade finance products introduced in 2011 which provide a guarantee to a bank. These products cover contract bonds, working capital loans and letters of credit. They exclude UKEF guaranteed buyer credits. The number of trade finance facilities guaranteed by UKEF are listed by NUTS 1 region in the table below.</p><table><tbody><tr><td><p><strong>NUTS 1 REGION</strong></p></td><td><p><strong>2011/12</strong></p></td><td><p><strong>2012/13</strong></p></td><td><p><strong>2013/14</strong></p></td><td><p><strong>2014/15</strong></p></td><td><p><strong>2015/16</strong></p></td><td><p><strong>2016/17</strong></p></td></tr><tr><td><p>North East England</p></td><td><p>0</p></td><td><p>2</p></td><td><p>10</p></td><td><p>44</p></td><td><p>58</p></td><td><p>21</p></td></tr><tr><td><p>North West England</p></td><td><p>2</p></td><td><p>8</p></td><td><p>52</p></td><td><p>19</p></td><td><p>35</p></td><td><p>8</p></td></tr><tr><td><p>Yorkshire &amp; Humber</p></td><td><p>2</p></td><td><p>6</p></td><td><p>9</p></td><td><p>17</p></td><td><p>10</p></td><td><p>7</p></td></tr><tr><td><p>East Midlands</p></td><td><p>0</p></td><td><p>7</p></td><td><p>14</p></td><td><p>14</p></td><td><p>46</p></td><td><p>21</p></td></tr><tr><td><p>West Midlands</p></td><td><p>2</p></td><td><p>5</p></td><td><p>39</p></td><td><p>13</p></td><td><p>18</p></td><td><p>16</p></td></tr><tr><td><p>East of England</p></td><td><p>0</p></td><td><p>8</p></td><td><p>20</p></td><td><p>23</p></td><td><p>37</p></td><td><p>16</p></td></tr><tr><td><p>Greater London</p></td><td><p>1</p></td><td><p>5</p></td><td><p>4</p></td><td><p>9</p></td><td><p>16</p></td><td><p>15</p></td></tr><tr><td><p>South East England</p></td><td><p>0</p></td><td><p>50</p></td><td><p>72</p></td><td><p>40</p></td><td><p>43</p></td><td><p>28</p></td></tr><tr><td><p>South West England</p></td><td><p>0</p></td><td><p>17</p></td><td><p>17</p></td><td><p>34</p></td><td><p>20</p></td><td><p>8</p></td></tr><tr><td><p>Wales</p></td><td><p>0</p></td><td><p>2</p></td><td><p>3</p></td><td><p>0</p></td><td><p>40</p></td><td><p>39</p></td></tr><tr><td><p>Scotland</p></td><td><p>5</p></td><td><p>7</p></td><td><p>16</p></td><td><p>23</p></td><td><p>16</p></td><td><p>20</p></td></tr><tr><td><p>Northern Ireland</p></td><td><p>0</p></td><td><p>0</p></td><td><p>0</p></td><td><p>1</p></td><td><p>4</p></td><td><p>5</p></td></tr></tbody></table> answering member constituency Wyre Forest answering member printed Mark Garnier question first answered 01/02/2017 17:47:31 answering member 4074 label Biography information for Mark Garnier
tabling member	1533 label Biography information for Dame Diana Johnson

518490

registered interest
date	10/05/2016
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Banks: Loans
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they are monitoring the lending practices of "challenger banks" particularly with regard to their use of high loan-to-value ratios and low value-to-income ratios, and whether they forecast the risks to family finances of borrowing and to the economy of rising impairment to bank balance sheets.
tabling member printed	Lord Myners
uin	HL8289
answer	answer is ministerial correction date of answer 12/05/2016 answer text <p>This Government has fundamentally reformed the UK’s system of financial regulation.</p><p> </p><p>We established the Financial Policy Committee (FPC) to act as the UK’s macroprudential authority, tasked with identifying, monitoring and addressing systemic risks to financial stability. This involves monitoring levels of leverage, debt or credit growth of all banks active in the UK, including so-called “challenger banks”.</p><p> </p><p>In June 2014, the FPC took action to limit mortgage lending at high loan-to-income ratios; this action provided insurance against a rise in the number of highly indebted households.</p><p>We also established the Prudential Regulation Authority (PRA) as the UK’s micro-prudential regulator, responsible for promoting the safety and soundness of the individual firms it regulates, through minimising the risk they pose to financial stability.</p><p> </p><p>The FPC’s latest assessment of financial stability risks from UK credit growth can be found in the record of its March 2016 meeting, which is available on the Bank of England’s website.</p><p> </p> answering member printed Lord O'Neill of Gatley question first answered 12/05/2016 10:12:11 answering member 4536 label Biography information for Lord O'Neill of Gatley
tabling member	3869 label Biography information for Lord Myners

437097

registered interest
date	10/12/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Banks: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how much from the Funding for Lending scheme has been allocated (a) for lending on mortgages prior to the change in rules for such lending in 2014 and (b) for lending to small and medium-sized enterprises since the change in those rules.
tabling member constituency	Coatbridge, Chryston and Bellshill
tabling member printed	Phil Boswell
uin	19669
answer	answer is ministerial correction date of answer 17/12/2015 answer text <p>UK banks and building societies that participate in in the Funding for Lending Scheme (FLS) are able to borrow funding from the Bank of England, with the amount they are able to borrow (their ‘borrowing allowance’) linked to their net lending performance. FLS usage and lending data is published on the Bank of England website at the following link: http://www.bankofengland.co.uk/markets/Pages/FLS/extensiondata.aspx</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin grouped question UIN 19659 19670 question first answered 17/12/2015 12:31:28 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	4388 label Biography information for Philip Boswell

437098

registered interest
date	10/12/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Banks: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how much of the £70 billion due to be allocated under the Funding for Lending Scheme has been allocated so far.
tabling member constituency	Coatbridge, Chryston and Bellshill
tabling member printed	Phil Boswell
uin	19659
answer	answer is ministerial correction date of answer 17/12/2015 answer text <p>UK banks and building societies that participate in in the Funding for Lending Scheme (FLS) are able to borrow funding from the Bank of England, with the amount they are able to borrow (their ‘borrowing allowance’) linked to their net lending performance. FLS usage and lending data is published on the Bank of England website at the following link: http://www.bankofengland.co.uk/markets/Pages/FLS/extensiondata.aspx</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin grouped question UIN 19669 19670 question first answered 17/12/2015 12:31:28 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	4388 label Biography information for Philip Boswell

428638

registered interest
date	17/11/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Banks: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps he is taking to support greater diversification in forms of lending in the UK banking sector.
tabling member constituency	Easington
tabling member printed	Grahame Morris
uin	16624
answer	answer is ministerial correction date of answer 25/11/2015 answer text <p>The Government is committed to competition and diversity in financial services and would like to see firms with a range of business compete and succeed.</p><p>The Government has supported both the Peer-to-Peer (P2P) and Crowdfunding sectors, which provide alternative sources of finance for both businesses and individuals, by introducing a proportionate regulatory regime as well as other policies, such as the inclusion of P2P loans in ISAs.</p><p>The Small Business, Enterprise and Employment Act 2015 contained two policies to support Small and Medium-sized Enterprises (SMEs) in accessing finance. The first requires the major banks share information on their SME customers with other lenders through designated Credit Reference Agencies. This will improve the ability of challenger banks and alternative finance providers to conduct accurate risk assessments and level the playing field between providers. The second requires major banks to refer SMEs they reject for finance, with the SMEs permission, to ‘finance platforms’ that can match SMEs with alternative finance providers.</p><p>The Government has established the British Business Bank to support the development of diverse finance markets for smaller businesses in the UK. The British Business Bank’s £950m Business Finance Partnership aims to diversify the sources of finance available to smaller and mid-sized firms and reduce their dependence on bank finance. £863m has been allocated to funds supporting mid-sized firms, with £333m already invested alongside private money, generating over £1bn of lending to businesses.</p><p>The Government has also continued to support the building societies sector through a number of measures including: carving out building societies from the Independent Commission on Banking ring-fencing regulations, extending ISA eligibility to Core Capital Deferred Shares, and applying a £25m sector-specific allowance to carried-forward losses for Corporation Tax. More recently, the Government listened to the concerns of smaller organisations, including building societies, when taking steps to remove the reverse burden of proof from the senior managers regime.</p><p>The Government has also taken significant steps to support the credit union sector by investing £38m in the sector through the Department of Work and Pensions’ (DWP) Credit Union Expansion Project, changing legislation to allow credit unions to admit corporate members, providing £500,000 to help armed forces personnel access credit union services and launching a Call for Evidence which allowed all credit unions, regardless of size or influence, the opportunity to contribute their vision for the future of the sector to the wider debate.</p> answering member constituency West Worcestershire answering member printed Harriett Baldwin question first answered 25/11/2015 12:23:41 answering member 4107 label Biography information for Dame Harriett Baldwin
tabling member	3973 label Biography information for Grahame Morris

171899

registered interest
date	05/01/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Banks: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps he is taking to improve access to bank lending (a) in general and (b) for large-scale new housing developments.
tabling member constituency	Kettering
tabling member printed	Mr Philip Hollobone
uin	219733
answer	answer is ministerial correction date of answer 09/01/2015 answer text <p>The Government has taken significant action to improve access to bank lending, notably through the Funding for Lending Scheme, as well as supporting non-bank lending channels via the British Business Bank</p><p> </p><p> </p><p> </p><p>The Government is also implementing further major reforms to boost competition in the provision of smaller business finance through the Small Business, Enterprise and Employment Bill; these include the measures to improve availability of credit information on small and medium-sized enterprises (SMEs) and to match SMEs rejected for finance with challenger banks and alternative finance providers.</p><p> </p><p> </p><p> </p><p>The Government has also put in place a series of measures to unlock housing development by providing loans to fund major infrastructure and build costs of housing schemes through its Large Sites Infrastructure Programme, Get Britain Building Programme and Builders Finance Fund.</p><p> </p><p> </p><p> </p> answering member constituency South West Hertfordshire answering member printed Mr David Gauke question first answered 09/01/2015 12:24:12 answering member 1529 label Biography information for Mr David Gauke
tabling member	1537 label Biography information for Mr Philip Hollobone

91365

registered interest
date	10/09/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Banks: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of the Funding for Lending Scheme on the lending market in (a) Southend and (b) England and Wales; and if he will make a statement.
tabling member constituency	Southend West
tabling member printed	Mr David Amess
uin	209063
answer	answer is ministerial correction date of answer 23/09/2014 answer text <p>The Funding for Lending Scheme (FLS) provides funding to banks and building societies for an extended period, with both the price and quantity of funding provided linked to their lending performance. There is no mechanical link between funding drawn from the scheme and lending activity in any particular nation, region or city. The decision on where, how much and to whom to lend remains a commercial decision for the bank or building society concerned. More generally, the FLS has been successful in helping to reduce bank funding costs to historic lows; and in providing strong incentives for participants to make loans cheaper and more easily available.</p><p> </p><p> </p><p>Ministers meet with various stakeholders to discuss a broad range of issues. It is not appropriate to reveal the detail of these discussions or to release any information exchanged which may pertain to the FLS. Barclays participated in the first phase of the FLS, which ran until January 2014, but are not participating in the Scheme’s extension. Barclays’ FLS data is publically available on the Bank of England’s website: http://www.bankofengland.co.uk/markets/Pages/FLS/default.aspx</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 209064 209065 question first answered 23/09/2014 10:46:40 answering member 4117 label Biography information for Andrea Leadsom
tabling member	44 label Biography information for Sir David Amess

57950

registered interest
date	04/06/2014
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Banks: Loans
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what representations he has received about the publication of personal and business lending data by postcode; and if he will make a statement.
tabling member constituency	Harrow West
tabling member printed	Mr Gareth Thomas
uin	199106
answer	answer is ministerial correction date of answer 09/06/2014 answer text <p>In July 2013 the Government announced that it had reached an agreement with the major UK banks to publish lending data across 10,000 individual postcodes.</p><p> </p><p>The first dataset was published in December 2013 and shows the outstanding stock of lending that has been committed to customers across three categories; loans and overdrafts to SMEs, mortgages and unsecured personal loans (excluding credit cards).</p><p> </p><p> </p><p>The data will allow challenger banks, smaller building societies, credit unions and community development finance institutions (CDFIs) to find areas where there is a lack of lending so they can offer finance to those customers who are crying out for support to help their business grow.</p> answering member constituency South Northamptonshire answering member printed Andrea Leadsom grouped question UIN 199107 199137 199138 question first answered 09/06/2014 14:11:46 answering member 4117 label Biography information for Andrea Leadsom
tabling member	177 label Biography information for Gareth Thomas