Insist The FCA conducts a banking inquiry as per business plan submitted.

On 31 December 2015, The FCA announced it would halt its public inquiry into the incentives and behaviours in the Banking Industry despite agreeing to run one in organisations business plan when founded. This decision should be reversed and Ministers should insist it goes ahead.

The Financial Conduct Authority is operationally independent of Government and Parliament. That means that the Government and Parliament can’t intervene in the decisions it makes about its day-to-day operations.

Parliament makes the law which sets out the responsibilities of the FCA. You could start a new petition calling for Parliament to change the law, so that the FCA is required to conduct a review of banking culture.

Alternatively, you could ask the Government to commission a separate independent review of banking culture, or to carry out a review using its own resources.

You might also be interested in the work of the Parliamentary Commission on Banking Standards, which looked at professional standards and culture in the UK banking sector:

http://www.parliament.uk/bankingstandards