Banks

(asked on 7th January 2016) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what discussions he has had with the chairman of the Financial Conduct Authority on that body's decision not to undertake its planned review of banking culture.


Answered by
Harriett Baldwin Portrait
Harriett Baldwin
Shadow Minister (Business and Trade)
This question was answered on 14th January 2016

The Financial Conduct Authority (FCA) is an independent regulator. Treasury Ministers had no discussions with the chairman before the FCA announced the decision to discontinue the review of banking culture included in the 2015-16 Business Plan. The FCA has set out in its published response to a Freedom of Information request, the dates when it communicated its decision to discontinue this review to other organisations. This response is available on the FCA website.

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