(1 week, 1 day ago)
Commons ChamberI am sure the whole House will join me in expressing our deepest condolences to Simon and his family. It is right to say that the Financial Conduct Authority is conducting an investigation into the allegations of wrongdoing, and I therefore do not think it would be right for me to comment in detail at this time. I know that concerns have been raised about the inquiry, but it is being conducted by a new non-exec director. It will report, and the chief executive of the FCA has said that she will have carte blanche to look across the piece at the dealings between Simon and the FCA. In the first instance, I think we should wait to see the outcome of the inquiry before going any further.
Edward Morello (West Dorset) (LD)