<p>[holding answer 12 September 2013]: Both the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) are monitoring the Co-op Bank closely throughout the process of its current liability management exercise. The PRA is working to ensure that the firm is put on a sound financial footing and the FCA is working to ensure that consumers are afforded an appropriate degree of protection.</p><p>HM Treasury engages with these regulatory authorities on all relevant aspects of their regulatory activity, in accordance with their published approach to fulfilling their regulatory responsibilities.</p>