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Swap Deals (Hong Kong)

Volume 186: debated on Monday 25 February 1991

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To ask the Chancellor of the Exchequer what assessment he has made of the impact on the British banking system of the decision of the Hong Kong Government that swap deals entered into by the Mass Transit Railway may not be valid and will now be validated by retrospective legislation.

This is a matter for the Hong Kong Government. It will have no impact on the British banking system.