Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of the EU Capital Requirements Directive VI on the UK banking sector.

As with all significant financial regulation developments in other jurisdictions, HMT is considering the potential implications of the EU Capital Requirements Directive VI on the UK banking sector.

Strengthening our relationships with international partners, including the EU, is a key focus of the Government’s Financial Services Growth and Competitiveness Strategy.