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Banking

Volume 704: debated on Monday 27 October 2008

asked Her Majesty's Government:

Whether the board members of United Kingdom banks which participated in the bank reconstruction fund will be held to account for their stewardship of the businesses for which they were responsible. [HL5622]

Decisions relating to individual board members are a commercial matter for the banks concerned.

The Government have required that banks participating in the Government's recapitalisation scheme do not pay cash bonuses to board members in 2008.

asked Her Majesty's Government:

How much public money has been made available in the past month per person on the Scottish electoral roll for rescuing the Royal Bank of Scotland and HBOS. [HL5628]

The Chancellor of the Exchequer set out in his Statement to the House of Commons on 13 October the details of the support made available to financial institutions participating in the Government's recapitalisation scheme.