Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 22 December 2017 to Question 120505, what discussions he has had with representatives of major banks on reforms to the insolvency framework since the publication of the summary of responses to the consultation.

In late 2016 and 2017 officials from the Insolvency Service held meetings with a wide range of interested parties, including members and representatives of the banking and financial services sector, to discuss the proposed reforms to the corporate insolvency framework that were the subject of the 2016 consultation.

In December 2017 the then Minister for Small Business, Consumers and Corporate Responsibility (Margot James), met with UK Finance to discuss various matters in her ministerial portfolio including the possible reforms to corporate insolvency discussed in the 2016 consultation.