Skip to main content

Banks: Finance

Volume 492: debated on Wednesday 20 May 2009

To ask the Chancellor of the Exchequer with reference to his Department's press notice of 19 January 2009, on the asset protection scheme, if he will undertake further due diligence in respect of securities identified as triple-A rated before they are included in the scheme. (276234)

The Treasury and its advisers are continuing to work with participating banks to conduct due diligence on the assets intended for inclusion in the scheme.

Further detailed information will be provided after the final contracts are signed.