The Financial Secretary to the Treasury (Mr Mark Hoban)
The annual report and accounts 2011-12 of the Asset Protection Agency (APA) has been presented to Parliament today.
The report contains commentary on key developments in relation to the APA and the asset protection scheme (APS) over the period from 1 April 2011 to 31 March 2012.
I am pleased to note the statements in the report that the probability of the Royal Bank of Scotland (RBS) being able to make a claim under the APS is highly unlikely.