Lord Myners – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Myners on 2016-04-21.

To ask Her Majesty’s Government what assessment they have made of whether the new holding company to be created to give effect to the proposed takeover of the London Stock Exchange by Deutsche Bourse will have to make its whole capital available to support a default by one of the two central clearing houses it will control, and which of those two clearing houses will receive capital priority in the event of a simultaneous or proximate failure of them both.

Lord O’Neill of Gatley

I refer the noble Lord to my written answer of 26 April (HL7583, HL7584, HL7585, and HL7586).