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      ], "answer" : {"_about" : "http://data.parliament.uk/resources/847846/answer", "answerText" : {"_value" : "<p>The Prudential Regulation Authority is responsible for regulation of the capital adequacy of banks. Prior to 2013 this was the responsibility of the Financial Services Authority. The Financial Reporting Council (FRC) was not aware of the contribution that certain features of the International Accounting Standards made to the problem of the capital adequacy of the banks until the problem was a matter of public knowledge. The FRC has engaged with UK Government, Europe, internationally, and with the International Accounting Standards Board since then to develop reforms to the standards, which address the concerns that have been identified.<\/p>"}
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      , "date" : {"_value" : "2018-02-23", "_datatype" : "dateTime"}
      , "hansardHeading" : {"_value" : "Banks: Company Accounts"}
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      ], "questionText" : "To ask Her Majesty's Government when the Financial Reporting Council (FRC) first became aware of any problems with International Accounting Standards for the capital adequacy of particular banks; by what means the FRC found out about such problems; which banks any such problems applied to; and how the FRC responded to any identified problems.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
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