Asked by: Joan Ryan (The Independent Group for Change - Enfield North)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what recent assessment the Financial Conduct Authority has made of the effectiveness of its regulations to ensure record keeping by banks and other financial institutions are not being (a) deleted, (b) manipulated or (c) altered.
Answered by Harriett Baldwin - Shadow Minister (Business and Trade)
This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government.
The question has been passed on to the FCA. The FCA will reply directly to the Rt Hon Joan Ryan MP by letter. A copy of the letter will be placed in the Library of the House.
Asked by: Joan Ryan (The Independent Group for Change - Enfield North)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what consideration the Financial Conduct Authority has given to requests from banks to sign a memorandum of understanding to ensure that financial record keeping regulations in the UK are not being breached.
Answered by Harriett Baldwin - Shadow Minister (Business and Trade)
This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government.
The question has been passed on to the FCA. The FCA will reply directly to the Rt Hon Joan Ryan MP by letter. A copy of the letter will be placed in the Library of the House.
Asked by: Joan Ryan (The Independent Group for Change - Enfield North)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what recent assessment the Financial Conduct Authority has made of the effectiveness of its regulatory instruments, including enforcement action, in ensuring compliance by banks and other financial institutions regarding record keeping.
Answered by Harriett Baldwin - Shadow Minister (Business and Trade)
This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government.
The question has been passed on to the FCA. The FCA will reply directly to the Rt Hon Joan Ryan MP by letter. A copy of the letter will be placed in the Library of the House.
Asked by: Joan Ryan (The Independent Group for Change - Enfield North)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what consideration the Financial Conduct Authority has given to ensuring that encryption keys to encrypted record keeping data between banks and financial service messaging platforms are held by a third party.
Answered by Harriett Baldwin - Shadow Minister (Business and Trade)
This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government.
The question has been passed on to the FCA. The FCA will reply directly to the Rt Hon Joan Ryan MP by letter. A copy of the letter will be placed in the Library of the House.
Asked by: Joan Ryan (The Independent Group for Change - Enfield North)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment the Financial Conduct Authority has made of the implications for its policies of the statement made by the financial service messaging platform Symphony that they offer Guaranteed Data Deletion; and whether this statement complies with financial regulations on record keeping.
Answered by Harriett Baldwin - Shadow Minister (Business and Trade)
This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government.
The question has been passed on to the FCA. The FCA will reply directly to the Rt Hon Joan Ryan MP by letter. A copy of the letter will be placed in the Library of the House.