Financial Services Authority: Northern Rock

Treasury written question – answered on 5th February 2008.

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Photo of Adam Price Adam Price Spokesperson (Communities and Local Government; Culture, Media and Sport; Defence; Transport; Ministry of Justice)

To ask the Chancellor of the Exchequer how many Financial Services Authority officials involved in regulating Northern Rock during the last two years (a) have left the organisation, (b) have received bonuses and (c) are on permanent sick leave.

Photo of Angela Eagle Angela Eagle The Exchequer Secretary, Member, Labour Party National Executive Committee

The matters raised in this question are the responsibility of the Financial Services Authority (FSA), whose day-to-day operations are independent from government control and influence. I have asked the chief executive of the FSA to write to the hon. Member on the issue he raises.

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