Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what discussions he has had with the (a) Prudential Regulation Authority and (b) Financial Conduct Authority on collateralised loan obligations containing high-yield energy debt and the default rate of companies in the oil and gas sector on high-yield loans.

Treasury Ministers and officials meet regularly with the Prudential Regulation Authority and the Financial Conduct Authority to discuss relevant regulatory issues.

As was the case with previous Administrations, it is not the Treasury’s practice to provide details of all such discussions.