Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, which (a) public, (b) private and (c) self-regulatory bodies are responsible for enforcing compliance with financial sector legislation.

It is the responsibility of the independent financial regulators, the Financial Conduct Authority, the Prudential Regulation Authority and the Payment Systems Regulator, to supervise firms’ compliance with financial sector regulations and, when necessary, take enforcement action against firms that breach the rules.