Written question asked by Caroline Lucas (Green Party) on Thursday, 16 September 2010, in the House of Commons. It was due for an answer on Monday, 11 October 2010. It was answered by Mark Hoban (Conservative) on Thursday, 14 October 2010 on behalf of the Treasury.
Goldman Sachs: Fines
- Question
- To ask the Chancellor of the Exchequer if he will transfer into the first account of the Green Investment Bank the proceeds of the £20 million fine imposed in September 2010 on Goldman Sachs by the Financial Services Authority for failure to inform the financial regulator of details of an international staff transfer.
- Answer
-
The matter concerned is the responsibility of the Financial Services Authority (FSA), whose day-to-day operations are independent from Government control and influence. However, I understand that any financial penalties that the FSA levies are not treated as a benefit to the FSA but are instead rebated to fee-payers in the subsequent financial year.The Government are considering a wide range of options for the scope and structure of the Green Investment Bank and will put forward detailed proposals following the spending review.
Secondary information
- Type
- Written question
- Reference
- 16280; 516 c414W
- Session
- 2010-12
- Subjects
- Fines Goldman Sachs
- Link
- View this Written question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2013-11-20 02:12:00 +0000
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- http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1544159
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