Written Question·Treasury·UIN 31906

Financial Ombudsman Service

Tabled: 21 February 2025
Answered: 26 February 2025
Named Day

Question

Mark Garnier

ConservativeWyre Forest

To ask the Chancellor of the Exchequer, what steps she is taking to ensure the (a) transparency and (b) accountability of the Financial Ombudsman Service.

Answer

James Murray
The Financial Ombudsman Service (FOS) is governed by the framework set out in the Financial Services and Markets Act (FSMA) 2000. This includes a range of mechanisms to ensure the accountability and transparency of the FOS.The Financial Conduct Authority ...

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