HC Deb 20 January 2003 vol 398 c48W
Lynne Jones

To ask the Chancellor of the Exchequer how much has been collected in fines from financial service companies for wrongdoing in each of the last three years; and to what use this money has been put. [91087]

Ruth Kelly

The FSA tell me that the fines that they or their predecessor regulators imposed were as follows:

Period Fines in £ million
1/4/2000 to 31/3/2001 4.6
1/4/2001 to 31/3/2002 8.0
1/4/2002 to 15/1/2003 7.5

Fines received by the FSA are allocated to the relevant regulatory sector and used to reduce fees charged by them to firms in that sector.