Paul Flynn – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Paul Flynn on 2016-01-07.

To ask Mr Chancellor of the Exchequer, what discussions he has had with the chairman of the Financial Conduct Authority on that body’s decision not to undertake its planned review of banking culture.

Harriett Baldwin

The Financial Conduct Authority (FCA) is an independent regulator. Treasury Ministers had no discussions with the chairman before the FCA announced the decision to discontinue the review of banking culture included in the 2015-16 Business Plan. The FCA has set out in its published response to a 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.