Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment he has made of the effectiveness of his Department's policies to tackle bank fraud and scams; and if he will make a statement.

The Government takes all types of fraud, including those targeted at banks’ customers, extremely seriously.

The Home Office is the lead Government department on crime, including fraud, and crime prevention overall. In February 2016, the Home Secretary announced a new Joint Fraud Taskforce. The Taskforce is a collaboration of banks, law enforcement and Government. This is the first time these organisations have come together to tackle fraud, and particularly to focus on those issues that have been considered too difficult for a single organisation to manage alone. The Taskforce seeks to identify the issues that will make the biggest difference to our collective fight against fraud.