Tyrie challenges Treasury power to block public reviews

‘Represents a clear conflict of interest’

Victoria McKeever
clock
Tyrie challenges Treasury power to block public reviews

Treasury select committee chairman Andrew Tyrie has challenged the Treasury's power to block public inquiries in cases of financial or regulatory failure, arguing it presented a "clear conflict of interest".

In a letter to Chancellor Philip Hammond, Tyrie (pictured) criticised the Treasury's ability to block public reviews in the financial services industry, even if demanded by the regulator or the Tre...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Regulation

SPP flags range of issues with FCA transfer advice redress consultation

SPP flags range of issues with FCA transfer advice redress consultation

Society highlights series of problems it foresees with regulator’s plans

Jenna Brown
clock 27 September 2022 • 2 min read
Kwasi Kwarteng. Image: Andrew Parsons/Number 10

Mini Budget 22: Government to 'scrap' Solvency II to boost investment

Chancellor says replacing EU law with rules ‘tailor made for the UK’ will free up billions

Jonathan Stapleton
clock 23 September 2022 • 1 min read
FOS complaints figures near 73,000 in first half of 2022

FOS complaints figures near 73,000 in first half of 2022

Half-year complaints data showed uphold rate of 37% in consumers’ favour

Jenna Brown
clock 22 September 2022 • 1 min read