The Treasury Select Committee has today published the terms of reference for its inquiry into the Financial Conduct Authority (FCA), and is calling for evidence on how the new regulator should be interacting with the industry and using its intervention powers.
The Committee, which grilled senior figures at the Financial Services Authority (FSA) over their role in the financial crisis, and the benefits of the RDR, said last month it would subject the government's planned overhaul of financial services regulation to fierce scrutiny. Today it has revealed the far-reaching nature of its inquiry, which will include questions about the accountability of the FCA, and whether it represents an improvement on the regulator it will replace. The MPs, lead by chairman Andrew Tyrie (pictured), are calling on stakeholders to give their views on eight key ...
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