HL Deb 15 July 1992 vol 539 c29WA
Lord Molloy

asked Her Majesty's Government:

Whether recent losses at Lloyd's will have any effect on the profitability of United Kingdom banks and other institutions.

The Earl of Caithness

It is not possible to say what the precise impact of losses at Lloyd's will be on all United Kingdom banks or other financial institutions, but the impact is unlikely to be significant in any sector of the UK financial community.