Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, how much remains in the Libor fines fund; and whether any changes have been made to the criteria for charities to apply for monies from that fund.

1. Full details of LIBOR fines awarded to date by the FCA can be found at the following link:

https://www.the-fca.org.uk/markets/benchmarks/enforcement

All LIBOR fines received between 2012 and the end of the last parliament (May 2015) have been allocated. Details of LIBOR grants awarded in this parliament can be found at the following links:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/443232/50325_Summer_Budget_15_Web_Accessible.pdf

pages 81 - 82.

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/479749/52229_Blue_Book_PU1865_Web_Accessible.pdf

pages 114 - 115.

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/508193/HMT_Budget_2016_Web_Accessible.pdf

pages 93 - 95.

https://www.gov.uk/government/news/libor-fines-to-be-used-to-support-military-charities-and-royal-voluntary-service

2. In 2012, the former Chancellor announced that “the proceeds from LIBOR fines would be used to support Military and Emergency Services charities and other related good causes that represent those that demonstrate the very best of values”. The Chancellor has invited applications that fall within the scope above for consideration at the Autumn Statement. Full details of the scheme can be found at the following link:

https://www.gov.uk/government/publications/libor-funding-applications