The fallout from last night's backbench debate on the RDR has spilled into the Treasury Select Committee, with Mark Hoban once again facing a grilling on the issue.
The financial secretary to the Treasury came before MPs to be questioned on a variety of issues related to financial regulation, focusing largely on the new Financial Policy Committee and the responsibilities of the CPMA and PRA. However, with a number of MPs from last night's debate sitting on the Committee, the RDR came up a number of times and in particular the lack of political accountability for the FSA. George Mudie MP said: "At the end of the day apart from making the statements in the house, it seems the last word is with the regulator. "Is nobody in the Treasury concerned ...
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