Banks: Finance

Dr. Cable
To ask the Chancellor of the Exchequer (1) what percentage of Asset Protection Scheme assets are held in foreign currency denominations; and if he will make a statement;

(2) what his most recent estimate is of the monetary value of assets held in the Asset Protection Scheme by currency; and if he will make a statement.

Ian Pearson
The Asset Protection Scheme (APS) will cover assets in sterling, euro, and US dollars, and other currencies subject to Treasury's approval.

Further detailed information about the assets in the scheme will be provided after the final contracts are signed.