Eurozone Crisis Debate

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Department: HM Treasury

Eurozone Crisis

Lord Campbell-Savours Excerpts
Tuesday 17th January 2012

(12 years, 11 months ago)

Lords Chamber
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Lord Campbell-Savours Portrait Lord Campbell-Savours
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Has the Treasury carried out internally an inquiry into the level of exposure of British banks to banks within the eurozone that might collapse?

Lord Sassoon Portrait Lord Sassoon
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My Lords, of course the FSA, in the course of its normal work, continually examines the exposure of the financial sector to a whole range of issues, including to the eurozone. The Europe-wide stress tests which were done, and done again, and finally done on a much better basis, looked at that matter last year.