Govt asks FCA to publish Brexit impact studies

Govt impact studies suggest poorer UK

Hannah Godfrey
clock • 1 min read

The Treasury Committee has written to the Financial Conduct Authority (FCA) to ask for publication of analysis on the impact leaving the European Union is likely to have on the regulator.

A letter from Committee chair Nicky Morgan (pictured) to FCA chief Andrew Bailey said leaving the EU would impact the regulator's statutory objectives.   "In the months ahead, parliament will be called on to make key decisions regarding the terms of the UK's exit from the European Union, and the framework for its future relationship," she wrote. "I am sure you agree that it should make these decisions on the basis of high-quality analysis and information about their effects on the economy, including on the institutions charged with delivering objectives for economic policy set by parl...

To continue reading this article...

Join Professional Adviser for free

  • 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

FCA dismisses British Steel complaints after lengthy investigation

FCA dismisses British Steel complaints after lengthy investigation

Regulator acknowledges decision will be ‘disappointing’ for complainants

Jenna Brown
clock 22 April 2024 • 2 min read
Agile IT needed as rapid regulation change becomes the norm

Agile IT needed as rapid regulation change becomes the norm

'Gone are the lengthy consultation and rule-setting cycles that often took several years'

Paul Muir
clock 15 April 2024 • 6 min read
Leveling up the playing field when it comes to picking skilled persons

Leveling up the playing field when it comes to picking skilled persons

Given the prerequisite for accuracy, a rigorous selection process is essential

Richard Farr
clock 15 April 2024 • 4 min read