Calum Kerr – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Calum Kerr on 2016-09-02.

To ask Mr Chancellor of the Exchequer, if his Department will publish a response to the report prepared by the Republican staff of the Committee on Financial Services, US House of Representatives, Too Big to Jail, Inside the Obama Justice Department’s Decision Not to Hold Wall Street Accountable, published in July 2016.

Simon Kirby

The UK Government does not usually respond to reports from the Committees of other Parliaments and does not intend to respond to this report. The UK government and regulators are committed to ensuring that UK financial institutions are fully compliant with global standards and rules. In our dialogue with the US in 2012, the previous Chancellor requested early warning before any enforcement action is taken against UK banks to manage the financial stability risks. No company is immune from prosecution and the UK government supports the consistent and proportionate enforcement of global rules.