The below Parliamentary question was asked by Joan Ryan on 2016-01-28.
To ask Mr Chancellor of the Exchequer, what recent assessment the Financial Conduct Authority has made of the effectiveness of its regulatory instruments, including enforcement action, in ensuring compliance by banks and other financial institutions regarding record keeping.
This is a matter for the Financial Conduct Authority (FCA), which is operationally independent from Government.
The question has been passed on to the FCA. The FCA will reply directly to the Rt Hon Joan Ryan MP by letter. A copy of the letter will be placed in the Library of the House.