Insurance: Payment Protection Insurance

House of Lords written question – answered on 14th February 2013.

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Photo of Lord Myners 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.

Photo of Lord Deighton Lord Deighton The Commercial Secretary to the Treasury

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.

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