Banks: Misconduct
The question
To ask the Chancellor of the Exchequer, what steps she is taking to help ensure that regulators hold banks to account for financial misconduct.
Answered by Lucy Rigby
This country is a world leader in financial services because we adhere to high standards. Both the Financial Conduct Authority and the Prudential Regulation Authority have powers to enforce regulation, the ability to apply a range of sanctions to firms and individuals who breach their rules, and to prosecute offences in the criminal courts.
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