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 what written assessments of the advantages and disadvantages of not publishing the Financial Conduct Authority’s report on banking culture outlined in its Business Plan 2015–16 were considered, and when; and who wrote those assessments.

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.