Banks: Lending
House of Lords
Lord Myners (Labour)
To ask Her Majesty's Government who are the members of the joint Bank of England HM Treasury Oversight Board monitoring the Funding for Lending Scheme.
Lord Sassoon (Commercial Secretary, HM Treasury; Conservative)
The joint oversight board for the Funding for Lending Scheme will be co-chaired by the Bank of England's Executive Director of Markets and the Chief Economic Adviser to HM Treasury. There will be an additional member each from the Bank and the Treasury: the Bank's Head of Sterling Markets Division and the Treasury's Director of Financial Services. Other Bank and Treasury officials will be invited as required.