Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what discussions he has had with the Financial Conduct Authority on the reported £16 billion set aside by Lloyds Banking Group for the mis-selling of payment protection insurance.
Treasury Ministers and officials meet regularly with the Financial Conduct Authority to discuss relevant regulatory issues.
As was the case with previous Administrations, it is not the Treasury's practice to provide details of all such discussions.