Treasury: Public Bodies

Treasury written question – answered on 31st January 2023.

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Photo of Peter Gibson Peter Gibson Conservative, Darlington

To ask the Chancellor of the Exchequer, what the average number of staff in the (a) Financial Conduct Authority, (b) Prudential Regulation Authority, (c) Financial Ombudsman Service and (d) Financial Services Compensation Scheme attending the office in person on every day on which they worked was in the weeks commencing 9 and 16 January 2023.

Photo of Peter Gibson Peter Gibson Conservative, Darlington

To ask the Chancellor of the Exchequer, what the (a) headcount and (b) operating costs were for the (i) Financial Conduct Authority, (ii) Prudential Regulation Authority, (iii) Financial Ombudsman Service and (iv) Financial Services Compensation Scheme in the most recent period for which data are available.

Photo of Andrew Griffith Andrew Griffith The Economic Secretary to the Treasury

The Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA), Financial Ombudsman Service (FOS), and Financial Services Compensation Scheme (FSCS) are operationally independent from the Government although funded by the taxpayer and/or industry levies. Detailed questions about operational matters are for those independent bodies to respond to.

These questions have been passed to the FCA, PRA, FOS and FSCS who will respond to the honourable member by letter.

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