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United Kingdom · Question · Written question

UIN 201210

Ulster Bank: Interest Rate Hedging Products

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

13 October 2023

Last action

18 October 2023 · Answer

Status

Answered

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Discovery layer

Source updated

18 October 2023

Summary

To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the potential merits of providing independent oversight of the review by NatWest into allegations of mis-selling of fixed rate hedging products by Ulster Bank.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 13 October 2023

    Written question

    To ask the Chancellor of the Exchequer, whether his Department has made an assessment of the potential merits of providing independent oversight of the review by NatWest into allegations of mis-selling of fixed rate hedging products by Ulster Bank.

    Source: Commons

  2. 18 October 2023

    Answer

    The Government has always been clear that any mis-selling of financial products is completely unacceptable and wrong. However, the allegations of mis-selling of fixed rate hedging or similar products by Ulster Bank are first and foremost a matter for the ...

    Source: Written answer

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