Question to the HM Treasury:

To ask the Chancellor of the Exchequer what assessment she has made of the adequacy of the Financial Conduct Authority’s decision to automatically delete emails after 12 months.

The FCA is operationally independent of government and therefore the Treasury has not made an assessment of this decision.

The government expects the FCA to act in accordance with high standards of transparency and operational efficiency, and will continue to hold the FCA to account for how it exercises its functions.