Petition FSA fines on Financial Institutions should go to the Treasury

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Fines paid to the FSA by Financial Institutions for breaching regulations are presently used to reduce the annual fees of Financial Institutions.

Annual fees should be considered as a cost of having a license to conduct Banking activities in the U.K. and should not be subject to discounting.

Government should legislate to make all fines issued by FSA to be paid to the Treasury.

This petition is closed This petition ran for 6 months

3 signatures

Progress of the petition towards its next target: 3 of 10,000 signatures required to get a government response

10,000 signatures required to get a government response

Date closed 20 December 2013
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