Linked Data API

Show Search Form

Search Results

1606427
registered interest false more like this
date less than 2023-03-22more like thismore than 2023-03-22
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Banks: Finance more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what the value of Additional Tier 1 bonds supporting UK banks is; and what assessment he has made of the potential impact of the takeover of Credit Suisse on UK Banks' ability to issue those bonds in the future. more like this
tabling member constituency Vale of Glamorgan more like this
tabling member printed
Alun Cairns more like this
uin 171396 remove filter
answer
answer
is ministerial correction false more like this
date of answer less than 2023-03-27more like thismore than 2023-03-27
answer text <p>As noted by the Chancellor on Monday 20 March, the Government welcomes the steps taken by the Swiss authorities in relation to Credit Suisse to support financial stability.</p><p> </p><p>The Bank of England published a statement to reiterate the creditor hierarchy in the UK. The statement confirmed that Additional Tier 1 (AT1) instruments rank ahead of Common Equity Tier 1 (CET1) and behind Tier 2 (T2) instruments in the insolvency creditor hierarchy. Holders of such instruments should expect to be exposed to losses in resolution or insolvency in the order of their positions in this hierarchy.</p><p> </p><p>The Prudential Regulation Authority is responsible for supervising UK banks’ capital adequacy requirements. The Bank of England's quarterly statistical release shows that the value of Additional Tier 1 capital in the UK banking sector was £67 billion as at Q3 2022. This figure includes both externally issued and intragroup capital instruments.</p><p> </p><p>The Governor of the Bank of England has confirmed that the UK banking system remains safe, sound and well capitalised.</p>
answering member constituency Arundel and South Downs more like this
answering member printed Andrew Griffith more like this
grouped question UIN 171395 more like this
question first answered
less than 2023-03-27T14:26:40.857Zmore like thismore than 2023-03-27T14:26:40.857Z
answering member
4874
label Biography information for Andrew Griffith more like this
tabling member
4086
label Biography information for Alun Cairns more like this
969088
registered interest false more like this
date less than 2018-09-06more like thismore than 2018-09-06
answering body
Department for Work and Pensions more like this
answering dept id 29 more like this
answering dept short name Work and Pensions more like this
answering dept sort name Work and Pensions more like this
hansard heading State Retirement Pensions: Females more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Work and Pensions, whether her Department has carried out an impact assessment on the effect of the change to the state pension age for women born in the 1950s on their families and dependents. more like this
tabling member constituency Ayr, Carrick and Cumnock more like this
tabling member printed
Bill Grant more like this
uin 171396 remove filter
answer
answer
is ministerial correction false more like this
date of answer less than 2018-09-13more like thismore than 2018-09-13
answer text <p>Successive Governments have taken care to give proper consideration to the impact of the proposals made in the Pensions Acts of 1995, 2007 and 2011, which each made changes to the State Pension age that affected women born in the 1950s. The exact form of the assessments has changed over time as the requirements on Government to carry out standardised impact assessments have changed.</p><p>The Pensions Act 1995 legislated to equalise men and women’s SPa at 65, over a 10 year period between 2010 and 2020. Standardised impact assessments had not been introduced at the time, but an overview of the options and evidence considered when developing the policy is provided in the 1993 white paper ‘Equality in State Pension age’. (See attached)</p><p>The Pensions Act 2007 legislated to introduce a timetable for the increase of SPa to 66, 67 and 68, so that these rises took place by 2026, 2036 and 2046.</p><p>The impact assessment for the Pensions Act 2007 can be found here: <a href="http://webarchive.nationalarchives.gov.uk/20121204130650/http:/www.dwp.gov.uk/docs/pensions-bill-ria.pdf" target="_blank">http://webarchive.nationalarchives.gov.uk/20121204130650/http://www.dwp.gov.uk/docs/pensions-bill-ria.pdf</a></p><p>The Pensions Act 2011 brought forward the equalisation of the male and female State Pension age at 65 by 18 months, so that it takes place by November 2018 rather than April 2020. It also brought forward the increase from 65 to 66 by five and a half years, so that it takes place by October 2020 rather than March 2026.</p><p>The impact assessment for the Pensions Act 2011 can be found here: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/181462/pensions-bill-2011-ia-annexa.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/181462/pensions-bill-2011-ia-annexa.pdf</a></p>
answering member constituency Hexham more like this
answering member printed Guy Opperman more like this
question first answered
less than 2018-09-13T09:53:11.91Zmore like thismore than 2018-09-13T09:53:11.91Z
answering member
4142
label Biography information for Guy Opperman more like this
tabling member
4605
label Biography information for Bill Grant more like this