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Banks: Fines

Question for HM Treasury

UIN 1439, tabled on 8 June 2015

To ask Mr Chancellor of the Exchequer, what amount of money has accrued to the Exchequer in bank fines in each of the last two years; and how much such money has been allocated to charities in each of the last two years for which figures are available.

Answered on

11 June 2015

In the last two financial years HM Treasury has received £1.3bn in LIBOR and FX banks fines. All LIBOR penalties received in this time period have been allocated to military or other uniformed charities. All foreign exchange penalties received in this time period have been allocated to create a fund for advanced care in GP practices and community healthcare facilities.

Answered by

Treasury
Named day
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