Financial Ombudsman Service
Commons · Question 31906 · Tabled 21 Feb 2025 · Treasury · Official record
Answered 26 Feb 2025
Question
Asked by Mark Garnier
To ask the Chancellor of the Exchequer, what steps she is taking to ensure the (a) transparency and (b) accountability of the Financial Ombudsman Service.
Answer
Answered by James Murray, 26 Feb 2025
The Financial Ombudsman Service (FOS) is governed by the framework set out in the Financial Services and Markets Act (FSMA) 2000. This includes a range of mechanisms to ensure the accountability and transparency of the FOS.The Financial Conduct Authority ...