Ubs

Business, Enterprise and Regulatory Reform written question – answered at on 22 April 2008.

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Photo of Colin Challen Colin Challen Labour, Morley and Rothwell

To ask the Secretary of State for Business, Enterprise and Regulatory Reform what assessment he has made of the effect on suitability of UBS AG to continue work for his Department on the financial and commercial aspects of new nuclear build of that Bank's announcement of its Chairman's resignation.

Photo of Malcolm Wicks Malcolm Wicks Minister of State (Energy), Department for Business, Enterprise & Regulatory Reform

My right hon. Friend the Secretary of State is content that this issue does not impact upon the ability or suitability of UBS to undertake this work for Government. However, as with all such contracts, the Department will continue to assess the suitability and performance of its advisers on an ongoing basis.

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