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166396
star this property registered interest false more like this
star this property date remove filter
star this property answering body
HM Treasury more like this
star this property answering dept id 14 remove filter
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Foreign Exchange remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential merits of changing the criminal law to allow sanctions for the misconduct of financial traders identified as having manipulated the foreign exchange market. more like this
star this property tabling member constituency York Outer more like this
star this property tabling member printed
Julian Sturdy more like this
star this property uin 216077 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2014-12-02more like thismore than 2014-12-02
unstar this property answer text <p>The Government is committed to taking action to ensure that the criminal regime for financial market abuse is strong and robust. In September 2014 the Government consulted on whether the regulatory regime put in place for LIBOR should be extended to seven other major benchmarks, based on recommendations from the Fair and Effective Markets Review. This regime includes the criminal offence of manipulating a ‘relevant benchmark’ either by making misleading statements or by creating a false or misleading impression of the value of investments that could affect such a benchmark. The list of benchmarks included the dominant benchmark for the foreign exchange market, WM/Reuters 4pm London Closing Spot Rate. The Government will announce its response to this consultation shortly.</p><p> </p><p> </p><p> </p> more like this
star this property answering member constituency South Northamptonshire more like this
star this property answering member printed Andrea Leadsom more like this
star this property question first answered
less than 2014-12-02T17:11:26.97Zmore like thismore than 2014-12-02T17:11:26.97Z
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4117
unstar this property label Biography information for Andrea Leadsom more like this
star this property tabling member
4079
star this property label Biography information for Julian Sturdy more like this