UK Treasury says not involved in decision to drop bank culture review

January 19, 2016 12:14 PM

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LONDON Jan 19 No Treasury officials had discussions with the Financial Conduct Authority before it ditched a review into banking culture, the finance ministry said on Tuesday, a day before lawmakers probe the regulator's decision.

"The Financial Conduct Authority is an independent regulator, no Treasury minister or official had any discussions with the FCA before it took the decision to discontinue this review," junior Treasury minister Harriet Baldwin told parliament.

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