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identifier	HL3569
house id	2
date tabled	2022-11-18
max question first answered	2022-12-02T13:02:42.01Z

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member printed

question first answered

answering member


label

tabling member


label

1543761

registered interest

date

18/11/2022

answering body

Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

Treasury

hansard heading

Bank of England Asset Purchase Facility Fund

house id

legislature

25277

pref label	House of Lords

question text

To ask His Majesty's Government, further to the Written Answer by Baroness Penn on 28 March (HL7077), whether they will describe the risks that they have assessed regarding their decision not to publish the Asset Purchase Facility deed indemnity; and which of these risks would “not advance the public’s understanding" of the arrangement by which HM Treasury indemnifies the Asset Purchase Facility.

tabling member printed

Lord Tyrie

uin

HL3569

answer

is ministerial correction

date of answer

02/12/2022

answer text

The Asset Purchase Facility (APF) deed indemnity will not be published. The disclosure of the APF deed indemnity would be likely to expose sensitive information relating to the quantitative easing scheme and related processes. HM Treasury indemnifies the APF which means that any losses or gains from the APF accrue to HM Treasury. This is public knowledge and the publication of the deed of indemnity will not advance the public’s understanding of that arrangement. The Bank of England publishes quarterly reports for the APF, which explain to the public the implications of indemnity for the Treasury and the cash transfer arrangements between the Bank and Treasury.

answering member printed

Baroness Penn

question first answered

02/12/2022 13:02:42

answering member

4726

label	Biography information for Baroness Penn

tabling member

112

label	Biography information for Lord Tyrie