Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps she is taking to help ensure that regulators hold banks to account for financial misconduct.

This country is a world leader in financial services because we adhere to high standards. Both the Financial Conduct Authority and the Prudential Regulation Authority have powers to enforce regulation, the ability to apply a range of sanctions to firms and individuals who breach their rules, and to prosecute offences in the criminal courts.