Goldman Sachs: Corruption

(asked on 2nd February 2021) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government, further to the fine issued by the US Department of Justice to Goldman Sachs for its role in a conspiracy to bribe high-ranking foreign officials to obtain business, what discussions they have had with financial regulators in the UK about investigating Goldman Sachs for any similar practices in the UK.


Answered by
 Portrait
Lord Agnew of Oulton
This question was answered on 16th February 2021
The Financial Conduct Authority is the regulator responsible for supervising the conduct of financial institutions operating in the UK and is independent from the UK government.

The Treasury discusses a wide variety of issues with the FCA regularly. However, the Treasury has no general power of direction over the FCA and any enforcement decisions by the FCA are independent of government.
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