www.gov.uk/government/uploads/system/uploads/attachment_data/file/363018/Final_direction_to_Rotherham_Council_10_Oct_2014.pdf<\/a><\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4270", "label" : {"_value" : "Biography information for Lord Nash"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Nash"}
, "dateOfAnswer" : {"_value" : "2014-12-10", "_datatype" : "dateTime"}
, "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"}
, "questionFirstAnswered" : [{"_value" : "2014-12-10T17:10:52.533Z", "_datatype" : "dateTime"}
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, "answeringDeptShortName" : {"_value" : "Education"}
, "answeringDeptSortName" : {"_value" : "Education"}
, "date" : {"_value" : "2014-12-04", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Offences against Children: Rotherham"}
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, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty\u2019s Government what actions they are taking to ensure that Rotherham Borough Council's children's services improve in respect of protecting children, in the light of the report by Professor Alexis Jay Independent Inquiry into Child Sexual Exploitation in Rotherham (1997\u20132013)<\/i>.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4333", "label" : {"_value" : "Biography information for Lord Scriven"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Scriven"}
], "uin" : "HL3414"}
, {"_about" : "http://data.parliament.uk/resources/167891", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/167891/answer", "answerText" : {"_value" : "Her Majesty\u2019s Government have not had any discussions with the Bank of England, the Financial Conduct Authority (FCA) or credit rating agencies about the securitisation of peer-to-peer loans.<\/p>
<\/p>
<\/p>
<\/p>
However, since April 2014, the peer-to-peer lending sector has been supervised and regulated by the FCA. The FCA monitors risks in any regulated sector on an ongoing basis.<\/p>
<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4262", "label" : {"_value" : "Biography information for Lord Deighton"}
}
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, "dateOfAnswer" : {"_value" : "2014-12-19", "_datatype" : "dateTime"}
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, {"_value" : "HL3419"}
, {"_value" : "HL3420"}
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, "answeringDeptShortName" : {"_value" : "Treasury"}
, "answeringDeptSortName" : {"_value" : "Treasury"}
, "date" : {"_value" : "2014-12-04", "_datatype" : "dateTime"}
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, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty\u2019s Government whether they have had any discussions with the Bank of England and the Financial Conduct Authority about whether to allow the securitisation of peer-to-peer consumer or business loans.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4286", "label" : {"_value" : "Biography information for Lord Mendelsohn"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Mendelsohn"}
], "uin" : "HL3415"}
, {"_about" : "http://data.parliament.uk/resources/167892", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/167892/answer", "answerText" : {"_value" : "
Her Majesty\u2019s Government have not had any discussions with the Bank of England, the Financial Conduct Authority (FCA) or credit rating agencies about the securitisation of peer-to-peer loans.<\/p>
<\/p>
<\/p>
<\/p>
However, since April 2014, the peer-to-peer lending sector has been supervised and regulated by the FCA. The FCA monitors risks in any regulated sector on an ongoing basis.<\/p>
<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4262", "label" : {"_value" : "Biography information for Lord Deighton"}
}
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, "dateOfAnswer" : {"_value" : "2014-12-19", "_datatype" : "dateTime"}
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, {"_value" : "HL3419"}
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, "date" : {"_value" : "2014-12-04", "_datatype" : "dateTime"}
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, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty\u2019s Government whether they, the Bank of England or the Financial Conduct Authority have held any discussions with the credit rating agencies about the securitisation of peer-to-peer consumer or business loans.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4286", "label" : {"_value" : "Biography information for Lord Mendelsohn"}
}
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], "uin" : "HL3416"}
, {"_about" : "http://data.parliament.uk/resources/167893", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/167893/answer", "answerText" : {"_value" : "
Peer-to-peer lending is an innovative new form of finance and the Government is keen to see this sector continue to grow and evolve.<\/p>
<\/p>
<\/p>
Following representations from the peer-to-peer sector, the Government announced in November 2012 its intention to bring peer-to-peer lending within the regulatory scope of the Financial Conduct Authority from April 2014. Proportionate regulation will allow the sector to continue to grow.<\/p>
<\/p>
<\/p>
<\/p>
The Government has not made an assessment of the size of the peer-to-peer consumer and business finance markets.<\/p>
<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4262", "label" : {"_value" : "Biography information for Lord Deighton"}
}
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, "dateOfAnswer" : {"_value" : "2014-12-19", "_datatype" : "dateTime"}
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, "questionFirstAnswered" : [{"_value" : "2014-12-19T12:41:06.733Z", "_datatype" : "dateTime"}
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, "date" : {"_value" : "2014-12-04", "_datatype" : "dateTime"}
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, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
}
], "questionText" : "To ask Her Majesty\u2019s Government what is their estimate of the size of peer-to-peer consumer and business finance.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4286", "label" : {"_value" : "Biography information for Lord Mendelsohn"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Mendelsohn"}
], "uin" : "HL3417"}
, {"_about" : "http://data.parliament.uk/resources/167894", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/167894/answer", "answerText" : {"_value" : "
Peer-to-peer lending is an innovative new form of finance and the Government is keen to see this sector continue to grow and evolve.<\/p>
<\/p>
<\/p>
Following representations from the peer-to-peer sector, the Government announced in November 2012 its intention to bring peer-to-peer lending within the regulatory scope of the Financial Conduct Authority from April 2014. Proportionate regulation will allow the sector to continue to grow.<\/p>
<\/p>
<\/p>
<\/p>
The Government has not made an assessment of the size of the peer-to-peer consumer and business finance markets.<\/p>
<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4262", "label" : {"_value" : "Biography information for Lord Deighton"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Deighton"}
, "dateOfAnswer" : {"_value" : "2014-12-19", "_datatype" : "dateTime"}
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, "date" : {"_value" : "2014-12-04", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Crowdfunding"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
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], "questionText" : "To ask Her Majesty\u2019s Government what plans they have to regulate the peer-to-peer lending market.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4286", "label" : {"_value" : "Biography information for Lord Mendelsohn"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Mendelsohn"}
], "uin" : "HL3418"}
, {"_about" : "http://data.parliament.uk/resources/167895", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/167895/answer", "answerText" : {"_value" : "
Her Majesty\u2019s Government have not had any discussions with the Bank of England, the Financial Conduct Authority (FCA) or credit rating agencies about the securitisation of peer-to-peer loans.<\/p>
<\/p>
<\/p>
<\/p>
However, since April 2014, the peer-to-peer lending sector has been supervised and regulated by the FCA. The FCA monitors risks in any regulated sector on an ongoing basis.<\/p>
<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4262", "label" : {"_value" : "Biography information for Lord Deighton"}
}
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, {"_value" : "HL3416"}
, {"_value" : "HL3420"}
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, "date" : {"_value" : "2014-12-04", "_datatype" : "dateTime"}
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, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
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], "questionText" : "To ask Her Majesty\u2019s Government what risks they consider need to be prepared for in the expansion of the peer-to-peer lending market; and whether the potential securitisation of such lending would require additional regulation.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4286", "label" : {"_value" : "Biography information for Lord Mendelsohn"}
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], "uin" : "HL3419"}
, {"_about" : "http://data.parliament.uk/resources/167896", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/167896/answer", "answerText" : {"_value" : "
Her Majesty\u2019s Government have not had any discussions with the Bank of England, the Financial Conduct Authority (FCA) or credit rating agencies about the securitisation of peer-to-peer loans.<\/p>
<\/p>
<\/p>
<\/p>
However, since April 2014, the peer-to-peer lending sector has been supervised and regulated by the FCA. The FCA monitors risks in any regulated sector on an ongoing basis.<\/p>
<\/p>"}
, "answeringMember" : {"_about" : "http://data.parliament.uk/members/4262", "label" : {"_value" : "Biography information for Lord Deighton"}
}
, "answeringMemberPrinted" : {"_value" : "Lord Deighton"}
, "dateOfAnswer" : {"_value" : "2014-12-19", "_datatype" : "dateTime"}
, "groupedQuestionUIN" : [{"_value" : "HL3415"}
, {"_value" : "HL3416"}
, {"_value" : "HL3419"}
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]}
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, "answeringDeptShortName" : {"_value" : "Treasury"}
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, "date" : {"_value" : "2014-12-04", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Crowdfunding"}
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, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
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], "questionText" : "To ask Her Majesty\u2019s Government whether the Financial Conduct Authority and the Bank of England are looking at modelling what level of institutional investment in peer-to-peer (P2P) collaterised loan obligations, or at what level funds established to buy P2P collaterised loans, would present a systemic risk to the financial system; and if not, whether they have done so or plan to.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/4286", "label" : {"_value" : "Biography information for Lord Mendelsohn"}
}
, "tablingMemberPrinted" : [{"_value" : "Lord Mendelsohn"}
], "uin" : "HL3420"}
, {"_about" : "http://data.parliament.uk/resources/167897", "AnsweringBody" : [{"_value" : "HM Treasury"}
], "answer" : {"_about" : "http://data.parliament.uk/resources/167897/answer", "answerText" : {"_value" : "
The current European credit rating regulation 1060/2009 stipulates that rating agencies monitor and review credit ratings on an ongoing basis and at least annually. Furthermore, the regulation states that:<\/p>
<\/p>
<\/p>
<\/p>
"The credit rating agency shall inform the rated entity at least 12 hours before publication of the credit rating and of the principal grounds on which the rating is based in order to give the entity an opportunity to draw attention of the credit rating agency to any factual errors".<\/em><\/p> <\/p>
<\/p>
<\/p>
The Government\u2019s long term economic plan has secured the UK\u2019s strong credit rating, which has contributed to lower borrowing costs and helped protect frontline services. In June 2014, Standard and Poor\u2019s (S&P) revised the outlook on their UK AAA rating to stable, from negative. The key driver cited by S&P was \u2018Amid further progress in consolidating public finances, the UK\u2019s economic recovery is broadening.\u2019 <\/em><\/p> <\/p>
<\/p>
<\/p>
S&P have assigned the UK sovereign the top triple AAA rating since they first published a UK rating in 1978. Moody\u2019s and Fitch have assigned the UK the second highest rating Aa1 and AA+ respectively, with a stable outlook.<\/p>
<\/p>
<\/p>
<\/p>
<\/p>
<\/p>"}
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, "date" : {"_value" : "2014-12-04", "_datatype" : "dateTime"}
, "hansardHeading" : {"_value" : "Credit Rating"}
, "houseId" : {"_value" : "2"}
, "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"}
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], "questionText" : "To ask Her Majesty\u2019s Government whether they have had talks with the credit rating agencies with a view to restoring the United Kingdom\u2019s AAA credit rating.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
, "tablingMember" : {"_about" : "http://data.parliament.uk/members/3869", "label" : {"_value" : "Biography information for Lord Myners"}
}
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