LIBOR
(asked on 25th February 2015) - View Source
Question to the HM Treasury:
To ask Her Majesty’s Government whether full accounts of the money received in penalties for the manipulation of Libor and distributed will be published.
This question was answered on 9th March 2015
The money received in penalties for the manipulation of LIBOR, net of enforcement costs, is accounted for in HMT’s annual report and accounts.
The Chancellor has announced that the funds collected from the LIBOR fines will be given to good causes, specifically military and other uniformed charities. The distribution of this funding is accounted for through the relevant department’s annual report and accounts.