Oral Answers to Questions

Mike Wood Excerpts

Tuesday 17th January 2017 Commons Chamber

[Simon Kirby]

The UK and US financial sectors have significantly increased their resilience since the crisis, and the PRA has the powers it needs to regulate overseas firms operating in the UK to ensure the stability of the UK financial system.

[Mike Wood (Dudley South) (Con)]

What steps are the Government taking to ensure that banks meet the 2019 deadline for separating retail banking from riskier investment banking activity?

[Simon Kirby]

That is well under way and we are keeping a close eye on it.