New Clause 11 - Review into competitiveness

Part of Financial Services (Banking Reform) Bill – in a Public Bill Committee am 3:45 pm ar 16 Ebrill 2013.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Mark Durkan Mark Durkan Shadow SDLP Spokesperson (International Development), Shadow SDLP Spokesperson (Work and Pensions), Shadow SDLP Spokesperson (Foreign and Commonwealth Affairs), Shadow SDLP Spokesperson (Home Affairs), Shadow SDLP Spokesperson (Justice), Shadow SDLP Spokesperson (Treasury) 3:45, 16 Ebrill 2013

Does the Minister recognise that in the context of Northern Ireland at the minute, people are worried that even the existing players will possibly have reduced capacity? Obviously there is the impact of the changes in respect of the Bank of Ireland. First Trust, which is the Northern Ireland brand of Allied Irish Banks, is up for sale. There are serious questions about Ulster bank, as a wholly owned subsidiary of RBS. If the new clause tabled by the hon. Member for Amber Valley were accepted I do not know whether RBS could keep itself right on the 20% in future if it simply sold Ulster Bank and got itself back under it again.