Cars: Credit
The question
To ask the Chancellor of the Exchequer, pursuant to the Answer of 9 June 2025 to Question 56735 on Cars: Credit, what assessment she has made of the adequacy of the banking sectors' resilience in ensuring the scale of regulated motor finance is manageable.
Answered by Emma Reynolds
HM Treasury works in close coordination with the Bank of England, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA), monitoring the resilience of the banking sector and the overall stability of consumer credit markets, including motor finance. Regular stress testing by the Bank of England shows the UK banking system remains strong, resilient, and well capitalised. HM Treasury continuously monitors risks across the financial sector and escalates its response where appropriate in coordination with the independent financial authorities.
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