Insurance: Payment Protection Insurance
House of Lords
Lord Myners (Labour)
To ask Her Majesty's Government how many bankers have been the subject of closed enforcement action by the Financial Services Authority in relation to the mis-selling of payment protection insurance (PPI); whether the Financial Services Authority has reviewed whether boards of directors of banks were at fault in connection with the mis-selling of PPI; and, if not, what the FSA has concluded was the responsibility of boards in connection with PPI mis-selling.
Lord Deighton (Conservative)
This is a matter for the Financial Services Authority (FSA). This question has been passed on to the FSA, which will reply to the noble Lord directly by letter. A copy of the response will be placed in the Library of the House.