Financial Services: Crime

(asked on 21st January 2016) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, how many people who work in the City of London have been prosecuted for a crime relating to financial misconduct since 2008.


Answered by
Harriett Baldwin Portrait
Harriett Baldwin
Shadow Minister (Business and Trade)
This question was answered on 1st February 2016

We are unable to specifically identify whether alleged offenders prosecuted for committing a crime relating to financial misconduct worked in the City of London or any other geographical area. There are many criminal offences that could be construed as ‘relating to financial misconduct’ which are prosecuted by a number of differing authorities and a detailed answer could only be obtained at disproportionate cost.

Since 2009 the Financial Services Authority and the Financial Conduct Authority have prosecuted 59 individuals for offences including insider dealing, breaching the general prohibition and creating false or misleading impressions or statements, seven of whom were acquitted.

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