Question to the HM Treasury:

To ask Her Majesty’s Government, for each fine imposed by the Financial Conduct Authority since 2007, what was (1) the amount of the fine before any discounts arising from early settlement, (2) the amount paid, and (3) the amount of any discounts applied.

Information on the FCA’s enforcement powers and its policy for financial penalty is set out in detail in the enforcement section of their website, and in their Handbook.

The FCA does not seek to agree specific disciplinary action firms should take against individuals. If the FCA thinks that disciplinary action should be taken against individuals, it can and does take that action itself.

We have passed Lord Mendelsohn’s questions on to the FCA, who will reply directly to him by letter. A copy of the letter will be placed in the Library of the House.