Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will discuss with the Financial Conduct Authority and the Prudential Regulation Authority whether they will review whether the Chair and Chief Executive are still fit and proper persons to be Directors of Liverpool Victoria; and if he will make a statement.

Assessing the fitness and propriety of individuals in senior positions at financial services firms are a matter for the independent financial services regulators, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).

The FCA and PRA consider their assessment on an ongoing basis and further information on the policy and its processes can be found here (https://www.fca.org.uk/publication/policy/guide-for-insurers.pdf)