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United Kingdom · Question · Written question

UIN 145806

Financial Ombudsman Service: Accountability

answeredUnited Kingdom· UK Parliament· EN

Introduced

23 March 2022

Last action

31 March 2022 · Answer

Status

Answered

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Discovery layer

Source updated

31 March 2022

Summary

To ask the Chancellor of the Exchequer, what recent assessment he has made of the adequacy of the (a) framework and (b) processes for holding the financial ombudsman to account.

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Timeline

  1. 23 March 2022

    Written question

    To ask the Chancellor of the Exchequer, what recent assessment he has made of the adequacy of the (a) framework and (b) processes for holding the financial ombudsman to account.

    Source: Commons

  2. 31 March 2022

    Answer

    The Government believes that it is vitally important that the Financial Ombudsman Service (FOS) should be accountable for its performance and the quality of its work. The FOS answers to a board of directors, appointed by the Financial Conduct Authority (F...

    Source: Written answer

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