Co-operative Bank
(asked on 4th November 2014) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what progress his Department has made on investigating the performance of the Co-operative Bank in 2013 under powers in the Financial Services Act 2012.
This question was answered on 7th November 2014
The Financial Conduct Authority and Prudential Regulation Authority have announced enforcement investigations into the Co-operative Bank, which are currently ongoing.
The investigation under powers in the Financial Services Act 2012 into events at the Co-operative Bank, and the circumstances surrounding them, will not start until it is clear that it will not prejudice any enforcement actions the relevant authorities may take.