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Banks: Accountancy

Treasury written question – answered on 23rd February 2009.

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Photo of Austin Mitchell Austin Mitchell Labour, Great Grimsby

To ask the Chancellor of the Exchequer how much in (a) assets and (b) liabilities is being held off-balance sheet by each of the banks regulated by the Financial Services Authority.

Photo of Ian Pearson Ian Pearson Parliamentary Under-Secretary (Economic and Business), Department for Business, Enterprise & Regulatory Reform, Economic Secretary (Economic and Business), HM Treasury

Information on off balance sheet assets and liabilities is reported by banks in their annual accounts under international financial reporting standards.

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