British Bankers' Association: Finance

Treasury written question – answered on 25th January 2010.

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Photo of Roger Godsiff Roger Godsiff Labour, Birmingham, Sparkbrook and Small Heath

To ask the Chancellor of the Exchequer how much each bank in receipt of public funding has spent on funding the British Bankers' Association since public funding was made available to it.

Photo of Sarah McCarthy-Fry Sarah McCarthy-Fry Parliamentary Secretary, HM Treasury

Government's interests in financial institutions are managed at arm's-length by UK Financial Investments Limited (UKFI). UKFI's Framework Agreement with HMT requires it to manage the investments on a commercial basis and not to intervene in day-to-day management decisions of the investee companies. Operational questions are a matter for the banks' boards.

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