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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 699.20
Bid: 698.50
Ask: 698.80
Change: 3.20 (0.46%)
Spread: 0.30 (0.043%)
Open: 692.10
High: 699.30
Low: 691.50
Prev. Close: 696.00
HSBA Live PriceLast checked at -

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Lawmakers ask UK watchdog to explain scrapping of bank culture review

Thu, 07th Jan 2016 09:50

LONDON, Jan 7 (Reuters) - Top officials at Britain'sFinancial Conduct Authority have been called to appear before apanel of lawmakers to explain why the watchdog ditched a reviewof banking culture.

The review was part of the FCA's 2015 business plan but lastmonth it was shelved, sparking concern among some lawmakers thatthe watchdog was under pressure from the government to softenits approach to banks.

"The FCA's decision to drop its review of bank culture doesseem curious," Andrew Tyrie, chairman of parliament's TreasurySelect Committee, said in a statement.

The committee has asked FCA Chairman John Griffith-Jones,and acting chief executive, Tracey McDermott, to appear beforeit.

(Reporting by Huw Jones; editing by Jason Neely)

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