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223858

registered interest
date	26/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	LIBOR
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether all money received in penalties for the manipulation of Libor is subject to the advice of the Advisory Board appointed by HM Treasury; and if not, what is the amount distributed outwith the recommendations.
tabling member printed	Lord Robertson of Port Ellen
uin	HL5240
answer	answer is ministerial correction date of answer 11/03/2015 answer text <p>Since June 2012, the Treasury has received LIBOR fines from the FCA; to date, they have imposed total fines in excess of £450 million relating to its investigations of LIBOR manipulation. This Government promised that this policy would reflect that those who have paid fines in our financial sector, because they demonstrated the very worst of British values, are paying to support those in our Armed Forces and emergency services who demonstrate the very best of British values. We are working with OGDs and relevant charities to ensure that all LIBOR fines received to date will be committed within the life of this Parliament.</p><p> </p><p> </p><p> </p><p>The administration of LIBOR fines varies according to the type of organisation applying and receiving the money. In particular, where a Government Department, such as the MoD has been identified as the organisation best suited to deliver the outcome – for example, support for childcare at military establishments – normal Departmental processes have applied. In other circumstances – such as those in support of the Armed Forces Covenant, the Covenant Reference Group – a cross-Whitehall representative body which includes charity representation, provides the guidance on those areas where LIBOR funds could be used to best effect.</p><p> </p><p> </p><p> </p> answering member printed Lord Deighton grouped question UIN HL5215 HL5216 HL5220 question first answered 11/03/2015 17:29:26 answering member 4262 label Biography information for Lord Deighton
tabling member	672 label Biography information for Lord Robertson of Port Ellen

223859

registered interest
date	26/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	LIBOR
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government how many announcements of donations to charities from the funds received in penalties for the manipulation of Libor have been made by ministers.
tabling member printed	Lord Robertson of Port Ellen
uin	HL5241
answer	answer is ministerial correction date of answer 12/03/2015 answer text <p>Since June 2012, HM Treasury has received LIBOR fines from the Financial Conduct Authority (FCA), which the Chancellor has chosen to use to help and support those who demonstrate the very best values in our society. There have been announcements around LIBOR fines made at each Autumn Statement and Budget since 2012.</p><p> </p> answering member printed Lord Deighton question first answered 12/03/2015 16:49:52 answering member 4262 label Biography information for Lord Deighton
tabling member	672 label Biography information for Lord Robertson of Port Ellen

223730

registered interest
date	25/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	LIBOR
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government how much was received by HM Treasury from the banks in penalties for the manipulation of Libor.
tabling member printed	Lord Robertson of Port Ellen
uin	HL5215
answer	answer is ministerial correction date of answer 11/03/2015 answer text <p>Since June 2012, the Treasury has received LIBOR fines from the FCA; to date, they have imposed total fines in excess of £450 million relating to its investigations of LIBOR manipulation. This Government promised that this policy would reflect that those who have paid fines in our financial sector, because they demonstrated the very worst of British values, are paying to support those in our Armed Forces and emergency services who demonstrate the very best of British values. We are working with OGDs and relevant charities to ensure that all LIBOR fines received to date will be committed within the life of this Parliament.</p><p> </p><p> </p><p> </p><p>The administration of LIBOR fines varies according to the type of organisation applying and receiving the money. In particular, where a Government Department, such as the MoD has been identified as the organisation best suited to deliver the outcome – for example, support for childcare at military establishments – normal Departmental processes have applied. In other circumstances – such as those in support of the Armed Forces Covenant, the Covenant Reference Group – a cross-Whitehall representative body which includes charity representation, provides the guidance on those areas where LIBOR funds could be used to best effect.</p><p> </p><p> </p><p> </p> answering member printed Lord Deighton grouped question UIN HL5216 HL5220 HL5240 question first answered 11/03/2015 17:29:26 answering member 4262 label Biography information for Lord Deighton
tabling member	672 label Biography information for Lord Robertson of Port Ellen

223731

registered interest
date	25/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	LIBOR
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government how much of the money received in penalties for the manipulation of Libor has been distributed to charities.
tabling member printed	Lord Robertson of Port Ellen
uin	HL5216
answer	answer is ministerial correction date of answer 11/03/2015 answer text <p>Since June 2012, the Treasury has received LIBOR fines from the FCA; to date, they have imposed total fines in excess of £450 million relating to its investigations of LIBOR manipulation. This Government promised that this policy would reflect that those who have paid fines in our financial sector, because they demonstrated the very worst of British values, are paying to support those in our Armed Forces and emergency services who demonstrate the very best of British values. We are working with OGDs and relevant charities to ensure that all LIBOR fines received to date will be committed within the life of this Parliament.</p><p> </p><p> </p><p> </p><p>The administration of LIBOR fines varies according to the type of organisation applying and receiving the money. In particular, where a Government Department, such as the MoD has been identified as the organisation best suited to deliver the outcome – for example, support for childcare at military establishments – normal Departmental processes have applied. In other circumstances – such as those in support of the Armed Forces Covenant, the Covenant Reference Group – a cross-Whitehall representative body which includes charity representation, provides the guidance on those areas where LIBOR funds could be used to best effect.</p><p> </p><p> </p><p> </p> answering member printed Lord Deighton grouped question UIN HL5215 HL5220 HL5240 question first answered 11/03/2015 17:29:26 answering member 4262 label Biography information for Lord Deighton
tabling member	672 label Biography information for Lord Robertson of Port Ellen

223732

registered interest
date	25/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	LIBOR
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether full accounts of the money received in penalties for the manipulation of Libor and distributed will be published.
tabling member printed	Lord Robertson of Port Ellen
uin	HL5217
answer	answer is ministerial correction date of answer 09/03/2015 answer text <p>The money received in penalties for the manipulation of LIBOR, net of enforcement costs, is accounted for in HMT’s annual report and accounts.</p><p> </p><p> </p><p> </p><p>The Chancellor has announced that the funds collected from the LIBOR fines will be given to good causes, specifically military and other uniformed charities. The distribution of this funding is accounted for through the relevant department’s annual report and accounts.</p><p> </p> answering member printed Lord Deighton question first answered 09/03/2015 17:51:18 answering member 4262 label Biography information for Lord Deighton
tabling member	672 label Biography information for Lord Robertson of Port Ellen

223733

registered interest
date	25/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	LIBOR
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what records are kept of the way in which distributed money received in penalties for the manipulation of Libor is spent after it is received by charities.
tabling member printed	Lord Robertson of Port Ellen
uin	HL5218
answer	answer is ministerial correction date of answer 09/03/2015 answer text <p>The Treasury provides monies allocated as LIBOR fines to the relevant Government Department to administer on its behalf through the normal Estimates process. Full details of all transfers are provided in Departmental accounts.</p><p> </p><p> </p><p> </p> answering member printed Lord Deighton question first answered 09/03/2015 17:53:06 answering member 4262 label Biography information for Lord Deighton
tabling member	672 label Biography information for Lord Robertson of Port Ellen

223734

registered interest
date	25/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	LIBOR
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what auditing arrangements are made in relation to the money received in penalties for the manipulation of Libor and distributed by HM Treasury.
tabling member printed	Lord Robertson of Port Ellen
uin	HL5219
answer	answer is ministerial correction date of answer 09/03/2015 answer text <p>Because the Treasury provides monies allocated as LIBOR fines to the relevant Government Department to administer on its behalf through the normal Estimates process the normal audit rules are in place as prescribed in Managing Public Money. The Accounting Officer for each Department is responsible for ensuring that the monies are distributed, accounted for and audited correctly.</p><p> </p><p> </p><p> </p> answering member printed Lord Deighton question first answered 09/03/2015 17:53:34 answering member 4262 label Biography information for Lord Deighton
tabling member	672 label Biography information for Lord Robertson of Port Ellen

223735

registered interest
date	25/02/2015
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	LIBOR
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what are the names of those people and organisations represented on the Advisory Board in respect of the money received in penalties for the manipulation of Libor.
tabling member printed	Lord Robertson of Port Ellen
uin	HL5220
answer	answer is ministerial correction date of answer 11/03/2015 answer text <p>Since June 2012, the Treasury has received LIBOR fines from the FCA; to date, they have imposed total fines in excess of £450 million relating to its investigations of LIBOR manipulation. This Government promised that this policy would reflect that those who have paid fines in our financial sector, because they demonstrated the very worst of British values, are paying to support those in our Armed Forces and emergency services who demonstrate the very best of British values. We are working with OGDs and relevant charities to ensure that all LIBOR fines received to date will be committed within the life of this Parliament.</p><p> </p><p> </p><p> </p><p>The administration of LIBOR fines varies according to the type of organisation applying and receiving the money. In particular, where a Government Department, such as the MoD has been identified as the organisation best suited to deliver the outcome – for example, support for childcare at military establishments – normal Departmental processes have applied. In other circumstances – such as those in support of the Armed Forces Covenant, the Covenant Reference Group – a cross-Whitehall representative body which includes charity representation, provides the guidance on those areas where LIBOR funds could be used to best effect.</p><p> </p><p> </p><p> </p> answering member printed Lord Deighton grouped question UIN HL5215 HL5216 HL5240 question first answered 11/03/2015 17:29:26 answering member 4262 label Biography information for Lord Deighton
tabling member	672 label Biography information for Lord Robertson of Port Ellen