Banks

(asked on 15th October 2021) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential merits of issuing a public policy exclusion order to regional mutual banks to allow them to scale up their business.


Answered by
Paul Scully Portrait
Paul Scully
This question was answered on 25th October 2021

The Government welcomes the efforts to establish regional mutual banks in the UK. The Government is also committed to seeing a highly competitive banking sector, working in the interests of all consumers and businesses across the country, and recognises the potential of regional mutual banks in achieving this goal. HM Treasury officials have been engaging with prospective mutual banks over challenges to their establishment.

Reticulating Splines