Banks: Finance

Treasury written question – answered on 30th March 2010.

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

The Government announced the asset-backed securities (ABS) guarantee scheme in January 2009, as part of a package of measures to stabilise financial markets, support lending to the economy and promote the transition towards a sustainable unguaranteed market. The ABS guarantee scheme closed on 31 December 2009.

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