asked Her Majesty's Government:

Whether all United Kingdom regulated banking subsidiaries of non-bank organisations that meet the requisite tier 1 capital requirements will be eligible to participate in the government guarantee on new wholesale funding obligations; and [HL5556]

Which of HM Treasury, the Financial Services Authority and the Bank of England will be responsible for determining whether the capital levels of banks and banking subsidiaries are appropriate for participation in the government guarantee on new wholesale funding obligations; and [HL5557]

In relation to determining eligibility for participation in the government guarantee on new wholesale funding obligations, whether there are other criteria in addition to meeting the capital requirements. [HL5558]

I refer the noble Lord to the announcements by HM Treasury on 8 and 13 October 2008 accessible at www.hm-treasury.gov.uk/press_100_ 08.htm and www.hm-treasury.gov.uk/press_105_08.htm and the Debt Management Office's market notice of 13 October 2008 which is at www.dmo.gov.uk/documentview.aspx?docName=/gilts/press/mktnotice 08.pdf.