Question to the HM Treasury:
To ask Her Majesty’s Government what proportion of the financial penalties imposed by the Financial Conduct Authority since 2007 have been accompanied by the use of powers in the Financial Services and Markets Act 2000 to require changes to a firm's or individual’s behaviour.
Information on the FCA’s enforcement powers and its policy on financial penalties is set out in detail in the enforcement section of their website, and in their Handbook.
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.