The Solvency II reforms strike a careful balance between boosting growth and maintaining high standards of policyholder protection. Insurers will still have to hold enough capital to withstand a 1-in-200-year shock. They will still have to adhere to high standards of risk management and will still be comprehensively supervised by our world-class independent regulator. The Government has announced a suite of additional supervisory measures the PRA will be taking forwards to hold insurers to account in maintaining safety, soundness, and policyholder protection.<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4874", "label" : {"_value" : "Biography information for Andrew Griffith"} } , "answeringMemberConstituency" : {"_value" : "Arundel and South Downs"} , "answeringMemberPrinted" : {"_value" : "Andrew Griffith"} , "dateOfAnswer" : {"_value" : "2023-01-25", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2023-01-25T12:03:36.417Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2023-01-19", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Insurance Companies: Reform"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what recent assessment his Department has made of a potential impact of the Government's proposed Solvency II reforms on the level of risk to the financial stability of the banking sector.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4138", "label" : {"_value" : "Biography information for Rushanara Ali"} } , "tablingMemberConstituency" : {"_value" : "Bethnal Green and Bow"} , "tablingMemberPrinted" : [{"_value" : "Rushanara Ali"} ], "uin" : "127764"} , {"_about" : "http://data.parliament.uk/resources/1568646", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1568646/answer", "answerText" : {"_value" : "
The Solvency II reforms strike a careful balance between boosting growth and maintaining high standards of policyholder protection. Insurers will still have to hold enough capital to withstand a 1-in-200-year shock. They will still have to adhere to high standards of risk management and will still be comprehensively supervised by our world-class independent regulator. The Government has announced a suite of additional supervisory measures the PRA will be taking forwards to hold insurers to account in maintaining safety, soundness, and policyholder protection.<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4874", "label" : {"_value" : "Biography information for Andrew Griffith"} } , "answeringMemberConstituency" : {"_value" : "Arundel and South Downs"} , "answeringMemberPrinted" : {"_value" : "Andrew Griffith"} , "dateOfAnswer" : {"_value" : "2023-01-25", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2023-01-25T12:02:30.857Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2023-01-19", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Insurance Companies: Reform"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what financial assessment his Department has made on the effect of the proposed Solvency II reforms on the public purse.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4138", "label" : {"_value" : "Biography information for Rushanara Ali"} } , "tablingMemberConstituency" : {"_value" : "Bethnal Green and Bow"} , "tablingMemberPrinted" : [{"_value" : "Rushanara Ali"} ], "uin" : "127765"} , {"_about" : "http://data.parliament.uk/resources/1520291", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1520291/answer", "answerText" : {"_value" : "
Around 75% of mortgage holders are on a fixed-rate mortgage, and will therefore be shielded from rate rises in the short term.<\/p>
<\/p>
We are also taking steps to help everyone with cost-of-living pressures through the Energy Price Guarantee and the Energy Bills Support Scheme, in addition to £37 billion of targeted cost-of-living support this financial year.<\/p>
<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4821", "label" : {"_value" : "Biography information for Felicity Buchan"} } , "answeringMemberConstituency" : {"_value" : "Kensington"} , "answeringMemberPrinted" : {"_value" : "Felicity Buchan"} , "dateOfAnswer" : {"_value" : "2022-10-11", "_datatype" : "dateTime"} , "groupedQuestionUIN" : {"_value" : "901566"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2022-10-11T16:27:17.16Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2022-10-11", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Mortgages: Interest Rates"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what steps he is taking with Cabinet colleagues to support homeowners with rising mortgage rates.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4138", "label" : {"_value" : "Biography information for Rushanara Ali"} } , "tablingMemberConstituency" : {"_value" : "Bethnal Green and Bow"} , "tablingMemberPrinted" : [{"_value" : "Rushanara Ali"} ], "uin" : "901564"} , {"_about" : "http://data.parliament.uk/resources/1457296", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1457296/answer", "answerText" : {"_value" : "
The Office of Financial Sanctions Implementation (OFSI), in HM Treasury, does not accept applications for general licences, however OFSI prioritises specific licence applications made for humanitarian purposes to help ensure that funds can get to where they are needed most as quickly as possible. This includes applications to permit humanitarian activities in Ukraine, where there is specific provision in the regulations for OFSI to grant such licences.<\/p>
<\/p>
OFSI is proactively engaging with humanitarian organisations to understand their needs in delivering activities in Ukraine and will continue to closely monitor the situation.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4051", "label" : {"_value" : "Biography information for John Glen"} } , "answeringMemberConstituency" : {"_value" : "Salisbury"} , "answeringMemberPrinted" : {"_value" : "John Glen"} , "dateOfAnswer" : {"_value" : "2022-04-26", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2022-04-26T14:03:26.537Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2022-04-14", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Charitable Donations: Ukraine"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, if he will make it his policy to grant a general licence for humanitarian activities in Ukraine in order that charities are able to spend the money donated to them by the British public.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4138", "label" : {"_value" : "Biography information for Rushanara Ali"} } , "tablingMemberConstituency" : {"_value" : "Bethnal Green and Bow"} , "tablingMemberPrinted" : [{"_value" : "Rushanara Ali"} ], "uin" : "153962"} , {"_about" : "http://data.parliament.uk/resources/1457297", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1457297/answer", "answerText" : {"_value" : "
The Office of Financial Sanctions Implementation (OFSI) prioritises licence applications made for humanitarian purposes to help ensure that funds can get to where they are needed most as quickly as possible. This includes applications to permit humanitarian activities in Ukraine, where there is specific provision in the regulations for OFSI to grant such licences.<\/p>
<\/p>
OFSI is proactively engaging with humanitarian organisations to understand their needs in delivering activities in Ukraine and will continue to closely monitor the situation.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4051", "label" : {"_value" : "Biography information for John Glen"} } , "answeringMemberConstituency" : {"_value" : "Salisbury"} , "answeringMemberPrinted" : {"_value" : "John Glen"} , "dateOfAnswer" : {"_value" : "2022-04-26", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2022-04-26T14:01:52.24Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "14"} , "answeringDeptShortName" : {"_value" : "Treasury"} , "answeringDeptSortName" : {"_value" : "Treasury"} , "date" : {"_value" : "2022-04-14", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Charitable Donations: Ukraine"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "To ask the Chancellor of the Exchequer, what steps the Office of Financial Sanctions Implementation take to help ensure that money donated by the British people to the Disasters Emergences Committee appeal for Ukraine is able to reach vulnerable people inside Ukraine without being stopped by sanctions.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4138", "label" : {"_value" : "Biography information for Rushanara Ali"} } , "tablingMemberConstituency" : {"_value" : "Bethnal Green and Bow"} , "tablingMemberPrinted" : [{"_value" : "Rushanara Ali"} ], "uin" : "153963"} , {"_about" : "http://data.parliament.uk/resources/1418257", "AnsweringBody" : [{"_value" : "Treasury"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1418257/answer", "answerText" : {"_value" : "
I refer the Hon. Member to the answer given on 11th<\/sup> January 2022. As stated, information on Ministerial travel and costs are published regularly at: https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-giftsand-overseas-travel<\/a><\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4527", "label" : {"_value" : "Biography information for Helen Whately"}
}
, "answeringMemberConstituency" : {"_value" : "Faversham and Mid Kent"}
, "answeringMemberPrinted" : {"_value" : "Helen Whately"}
, "dateOfAnswer" : {"_value" : "2022-02-08", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-02-08T13:42:06.537Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2022-01-31", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Treasury: USA"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, pursuant to the Answer of 11 January 2022 to Question 94388 on Treasury: USA, where he stayed on that trip to California.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4138", "label" : {"_value" : "Biography information for Rushanara Ali"}
}
, "tablingMemberConstituency" : {"_value" : "Bethnal Green and Bow"}
, "tablingMemberPrinted" : [{"_value" : "Rushanara Ali"}
], "uin" : "114742"}
, {"_about" : "http://data.parliament.uk/resources/1418258", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1418258/answer", "answerText" : {"_value" : " The Chancellor was accompanied by two Special Advisors and two Private Secretaries.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4527", "label" : {"_value" : "Biography information for Helen Whately"}
}
, "answeringMemberConstituency" : {"_value" : "Faversham and Mid Kent"}
, "answeringMemberPrinted" : {"_value" : "Helen Whately"}
, "dateOfAnswer" : {"_value" : "2022-02-08", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-02-08T13:41:03.077Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2022-01-31", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Treasury: USA"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, pursuant to the Answer of 11 January 2022 to Question 94388 on Treasury: USA, who accompanied him on that trip to California.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4138", "label" : {"_value" : "Biography information for Rushanara Ali"}
}
, "tablingMemberConstituency" : {"_value" : "Bethnal Green and Bow"}
, "tablingMemberPrinted" : [{"_value" : "Rushanara Ali"}
], "uin" : "114743"}
, {"_about" : "http://data.parliament.uk/resources/1388694", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1388694/answer", "answerText" : {"_value" : " The Chancellor was in the US on a long-planned business trip. He met with industry leaders from the tech and investment sectors to discuss the global economic recovery, investment in the UK, as well as the latest trends and innovations in the global tech sector.<\/p> <\/p> The Chancellor travelled to San Francisco on Tuesday 14th<\/sup> December and departed on Thursday 16th<\/sup> December. The Chancellor returned to the UK earlier than planned.<\/p> <\/p> The remainder of the information will be published in the usual way in the quarterly transparency returns, available here:<\/p> https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel<\/a>. The next publication is due February 2022.<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4527", "label" : {"_value" : "Biography information for Helen Whately"}
}
, "answeringMemberConstituency" : {"_value" : "Faversham and Mid Kent"}
, "answeringMemberPrinted" : {"_value" : "Helen Whately"}
, "dateOfAnswer" : {"_value" : "2022-01-11", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : [{"_value" : "94388"}
, {"_value" : "94389"}
, {"_value" : "94390"}
, {"_value" : "94391"}
, {"_value" : "94392"}
], "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2022-01-11T09:52:28.467Z", "_datatype" : "dateTime"}
]}
, "answeringDeptId" : {"_value" : "14"}
, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2021-12-16", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Treasury: USA"}
, "houseId" : {"_value" : "1"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"}
}
], "questionText" : "To ask the Chancellor of the Exchequer, who he met on his recent trip to California; and who accompanied him on that trip.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4138", "label" : {"_value" : "Biography information for Rushanara Ali"}
}
, "tablingMemberConstituency" : {"_value" : "Bethnal Green and Bow"}
, "tablingMemberPrinted" : [{"_value" : "Rushanara Ali"}
], "uin" : "94387"}
, {"_about" : "http://data.parliament.uk/resources/1388695", "AnsweringBody" : [{"_value" : "Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/1388695/answer", "answerText" : {"_value" : " The Chancellor was in the US on a long-planned business trip. He met with industry leaders from the tech and investment sectors to discuss the global economic recovery, investment in the UK, as well as the latest trends and innovations in the global tech sector.<\/p> <\/p> The Chancellor travelled to San Francisco on Tuesday 14th<\/sup> December and departed on Thursday 16th<\/sup> December. The Chancellor returned to the UK earlier than planned.<\/p> <\/p> The remainder of the information will be published in the usual way in the quarterly transparency returns, available here:<\/p>