Part of Oral Answers to Questions — Treasury – in the House of Commons at 10:30 am on 6 March 2008.
Yvette Cooper
The Chief Secretary to the Treasury
10:30,
6 March 2008
Northern Rock set up Granite as a separate company structure for the sole purpose of raising finance for mortgage lending by Northern Rock. The commercial relationship between them reflects that. Other banks have set up similar securitisation arrangements.
