Today, the Treasury Select Committee (the Committee) published a report following its inquiry into the Financial Conduct Authority.
This briefing summarises the report, which acknowledges criticisms that have been levied against the FSA, and highlights the lack of clarity of some of the proposals and the ambitious timetable. Andrew Tyrie MP, the Committee Chair, said that a fresh approach to regulation is needed:
"The creation of the FCA is an opportunity to create something much better. If we are not careful, the FCA will become the poor relation among the new institutions. But it is the one that will matter most to millions of consumers."
Next stepsQ1 2012
End Q1 2012
By end 2012
By early 2013
|
Click here for our briefing on the Joint Committee's report on its examination of the Financial Services Bill 2010
Click here for our briefing which highlights the key aspects of the draft Bill.
Key contacts
Disclaimer
The articles published on this website, current at the dates of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.