Speeches

Austin Mitchell – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Austin Mitchell on 2015-02-12.

To ask Mr Chancellor of the Exchequer, what the notional value of derivatives held by banks regulated by the UK authorities is; and what information his Department holds on the maturity and exposure of such derivatives.

Andrea Leadsom

HM Treasury does not preserve specific information relating to the value, maturity or exposure of derivatives. Aggregate data on the derivative positions of UK banks is collected every quarter and made publicly available online by the Bank of England. The specific balance sheet position on derivatives for each bank will be published regularly in their annual report to shareholders.