Sammy Wilson
Main Page: Sammy Wilson (Democratic Unionist Party - East Antrim)Department Debates - View all Sammy Wilson's debates with the HM Treasury
Financial Services
Sammy Wilson Excerpts(11 years, 3 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Greg Clark
The discount in fines given for co-operation is one reason for organisations to co-operate, but I will look at my hon. Friend’s point on individuals.
Sammy Wilson (East Antrim) (DUP)
The report indicates that, so arrogant were some bank workers, they treated themselves as masters of the universe to whom normal rules of fair play did not apply, which has impacted on banks and their reputations. The banks rather than the taxpayers will pay the fines, as they are required to do, but how will the Minister ensure they do not simply pass on additional charges to customers to recoup the costs?
Greg Clark
It is essential that the banks do not do that. They need to be transparent as to the source of the payment to meet the fines—that is essential. Far from those people being masters of the universe, they are culpable of doing a great disservice in falling way short of the standards of behaviour by which most decent people up and down the country would expect to live their lives.