Banks: Regulation

Treasury written question – answered on 4th March 2014.

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Photo of Cathy Jamieson Cathy Jamieson Shadow Minister (Treasury)

To ask the Chancellor of the Exchequer what recent discussions he has had with the Financial Conduct Authority on applications for challenger banks which are currently under consideration.

Photo of Sajid Javid Sajid Javid The Financial Secretary to the Treasury

The Prudential Regulation Authority will annually report details of new bank authorisations.

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