Written question asked by Paul Flynn (Labour) on Thursday, 7 January 2016, in the House of Commons. It was due for an answer on Monday, 11 January 2016. It was answered by Harriett Baldwin (Conservative) on Thursday, 14 January 2016 on behalf of the Treasury.

Banks

Question: 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.

Answer: 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.

Secondary information