Treasury Select Committee plots post-Brexit financial regulation inquiry

Financial services deal unclear

clock
"More power is going to come back to the regulators from the EU and there will be a period where [the industry] can have a view on how the regulator is proposing to use that power and its impact" - MP Nicky Morgan
Image:

"More power is going to come back to the regulators from the EU and there will be a period where [the industry] can have a view on how the regulator is proposing to use that power and its impact" - MP Nicky Morgan

The Treasury Select Committee is planning an inquiry into the future of financial regulation following the UK's departure from the European Union (EU) in March 2019, with the sector set to have its say on the framework.

It coincides with plans at the Financial Conduct Authority (FCA) - which is set to be handed a raft of new powers post Brexit - to rework its rules handbook to fit the UK's regulatory priorities wh...

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

FCA to conduct 'holistic review' of the advice and guidance boundary

FCA to conduct 'holistic review' of the advice and guidance boundary

Review aims to understand how to reduce the regulatory burden

clock 27 September 2022 • 3 min read
Image: The latest market news and analysis

Market Movers: Lenders halt mortgage deals amid gilt market turmoil

Move comes in response to market volatility following the Mini Budget

Investment Week
clock 27 September 2022 • 1 min read
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