Speeches

Kelvin Hopkins – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Kelvin Hopkins on 2016-03-16.

To ask Mr Chancellor of the Exchequer, what the exposure to derivatives is of each bank holding a deposit-taking licence.

Harriett Baldwin

The Financial Policy Committee of the Bank of England publishes the growth in the notional value of derivatives (see link below).

http://www.bankofengland.co.uk/publications/Documents/fsr/2015/scrdec15.xlsx

This indicates that notional derivatives growth was -25.9% as of 20 November 2015.

The Financial Policy’s Committee’s indicator includes all major UK banks.

Individual bank derivatives exposures may also be found in their published annual reports.