Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will take steps to require banks to publish their bank transfer scam data.

The Government is committed to tackling fraud and ensuring that victims of Authorised Push Payment (APP) scams are protected.

The Government therefore welcomed the publication of the Payment Systems Regulator’s (PSR) call for views on APP scams in February 2021. This invited views on a number of potential measures that could deliver a higher level of protection for customers against scams, including requiring individual payment service providers to publish data on scams on a quarterly or six-monthly basis.

The Government looks forward to engaging with the outcomes of the PSR's call for views, including considering what further actions may be necessary to make progress on this issue.