Lord Sharkey – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Sharkey on 2016-01-11.

To ask Her Majesty’s Government when they first learned that the Financial Conduct Authority was considering not publishing its report on banking culture examining “whether cultural change programmes in retail and wholesale banks are driving the right behaviour, in particular focusing on remuneration, appraisal and promotion decisions of middle management, as well as how concerns are reported and acted upon”, as outlined in its Business Plan 2015–16.

Lord O’Neill of Gatley

No Treasury Minister or official had any discussions with the FCA before the FCA took its decision to discontinue the review of banking culture included in its 2015-16 Business Plan.

The FCA has published (in response to the Noble Lord’s Freedom of Information request) the dates when it communicated its decision to discontinue this review to other organisations. This response is available on the FCA website.