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Asset Protection Agency: Annual Report and Accounts for the period from 1 April 2012 to 31 October 2012

The final annual report and accounts of the APA, covering the seven month period to 31 October 2012, when the Agency closed.

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The Asset Protection Agency (APA) was an executive arm of HM Treasury which closed on 31 October 2012.

The Agency was run by Chief Executive Stephan Wilcke from 7 December 2009 to 6 October 2011 and then by Chief Executive Bill Dickinson to 31 October 2012.

The Agency’s purpose was to operate the Asset Protection Scheme (APS). The APS was established during the financial crisis to improve confidence and restrict bank losses, so as to enable a financial sector recovery.