To ask the Secretary of State for Communities and Local Government what his Department's policy is on the implementation of the proposals of the European Commission on harmonising rules governing access to mortgages; and what assessment has been made of the implications for his Department's policies of the Commission's proposed further changes to the European Capital Requirements Directive.
I have been asked to reply.
The Commission has since undertaken work to improve the evidence base on EU mortgage markets, which HM Treasury has supported and encouraged, including work to renew this evidence base following the financial crisis. HM Treasury will continue to engage with the European Commission to help ensure that any response at the EU level is effective and proportionate.
The European Commission published a consultation under 'Further possible changes to the Capital requirements Directive' with a closing date of