Banks: Misconduct
Commons · Question 15638 · Tabled 2 Jul 2026 · Treasury · Official record
Answered 7 Jul 2026
Question
Asked by Ben Maguire
To ask the Chancellor of the Exchequer, what steps her Department is taking to ensure that banking misconduct compensation schemes provide independent mechanisms for reviewing cases where applicants were wrongly excluded from previous redress processes.
Answer
Answered by Rachel Blake, 7 Jul 2026
Successive Governments, as well as the Financial Conduct Authority, working with the banks, have taken steps that aimed to address historical banking misconduct issues. This included helping to establish and support a range of compensation and redress sch...