Banks: Finance

HM Treasury written question – answered on 11th March 2015.

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Photo of Oliver Heald Oliver Heald Conservative, North East Hertfordshire

To ask Mr Chancellor of the Exchequer, when he plans to bring forward secondary legislation to grant new powers to the Financial Policy Committee in respect of a leverage ratio framework.

Photo of Andrea Leadsom Andrea Leadsom The Economic Secretary to the Treasury

A draft statutory instrument that will grant the Financial Policy Committee new powers of direction with regards to a leverage ratio framework was laid before the House on 12 February 2015. This instrument will soon be debated on the Floor of the House.

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