Select Committee · Treasury Committee

Work of the Financial Conduct Authority

Status: Closed Opened: 27 Oct 2020 Closed: 30 May 2024

Inquiry scope

As part of its ongoing scrutiny of the work of the FCA, the Treasury Committee holds regular hearings with the Chief Executive and the Chairman of the FCA.

Oral evidence sessions

8 sessions

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Date	Session and witnesses	Source
8 May 2024	Ashley Alder · Financial Conduct Authority, Nikhil Rathi · Financial Conduct Authority	View ↗
12 Dec 2023	Ashley Alder · Financial Conduct Authority, Nikhil Rathi · Financial Conduct Authority	View ↗
19 Jul 2023	Ashley Alder · Financial Conduct Authority, Nikhil Rathi · Financial Conduct Authority	View ↗
8 Mar 2023	Ashley Alder · Financial Conduct Authority, Nikhil Rathi · Financial Conduct Authority	View ↗
7 Nov 2022	Nikhil Rathi · Financial Conduct Authority, Richard Lloyd OBE · Financial Conduct Authority	View ↗
8 Dec 2021	Charles Randell CBE · Slaughter and May, Nikhil Rathi · Financial Conduct Authority	View ↗
12 May 2021	Charles Randell · Financial Conduct Authority, Nikhil Rathi · Financial Conduct Authority	View ↗
4 Nov 2020	Charles Randell · Financial Conduct Authority, Nikhil Rathi · Financial Conduct Authority	View ↗

Who gave evidence

5 witnesses

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Witness	Organisation	Sessions
Nikhil Rathi · Chief Executive	Financial Conduct Authority	8
Ashley Alder · Chair	Financial Conduct Authority	4
Charles Randell · Chair	Financial Conduct Authority	2
Charles Randell CBE · Senior Consultant	Slaughter and May	1
Richard Lloyd OBE · Interim Chair	Financial Conduct Authority	1

Correspondence

32 letters

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Published	Direction	Letter
24 May 2024	To committee	Letter from the Financial Leasing Association relating to motor finance, dated 7 May 2024
8 May 2024	To committee	Letter from the Chief Executive, Financial Conduct Authority, relating to proposals about publicising enforcement investigations, dated 7 May 2024
8 May 2024	To committee	Letter from the Executive Directors, Enforcement, Financial Conduct Authority, relating to proposals about publicising enforcement investigations, dated 7 May 2024
8 May 2024	To committee	Letter from the Chair to the Chief Executive, Financial Conduct Authority, relating to proposals about publicising enforcement investigations, dated 1 May 2024
16 Feb 2024	To committee	Letter from the Financial Conduct Authority, providing an update on mortgage borrowers in closed market books, dated 10 November 2023
30 Jan 2024	To committee	Letter from Nikhil Rathi, Financial Conduct Authority, relating to the 12 December 2023 evidence session on the 'work of the FCA', dated 24 January
19 Jan 2024	To committee	Letter from the Chair to HM Treasury and associated public sector organisations relating to contracts awarded to Fujitsu, dated 19 January 2024
12 Dec 2023	To committee	Letter from Nikhil Rathi, Financial Conduct Authority, relating to Odey Asset Management, dated 11 December 2023
12 Dec 2023	To committee	Letter from Nikhil Rathi, Financial Conduct Authority, relating to proposed new rules on maintaining access to cash, dated 7 December 2023
6 Dec 2023	To committee	Letter from the FCA regarding the results of its investigations into the financial promotions related to Blackmore Bonds, dated 5 December
5 Jul 2023	—	Correspondence from the Financial Conduct Authority relating to their investigation into Odey Asset Management, dated 3 July
14 Jun 2023	—	Correspondence from the Chair to the Financial Conduct Authority relating to their investigation into Odey Asset Management, dated 14 June
25 Apr 2023	—	Correspondence from the Financial Conduct Authority, relating to the ‘The work of the Financial Conduct Authority’ session on 8 March, dated 20 April
25 Apr 2023	—	Correspondence from the Chair to the Financial Conduct Authority, relating to the ‘The work of the Financial Conduct Authority’ session on 8 March, dated 28 March
16 Jan 2023	From committee	Letter to the Financial Conduct Authority relating to the session on ‘Work of the Financial Conduct Authority’ on 7 November 2022, dated 1 December
11 Jan 2023	—	Correspondence from the Chief Executive, FCA relating to the session on 'The work of the FCA' on 7 November, dated 14 December
17 Oct 2022	—	Correspondence from the Financial Conduct Authority, relating to service standards, dated 10 October
7 Sep 2022	To committee	Letter from the FCA, relating to its  2021/22 Annual Report and Accounts, dated 19 July
11 Jul 2022	To committee	Letter from the Financial Conduct Authority to the Financial Services Complaints Commissioner, relating to the FSCC’s proposed MOU on Transparency and Confidentiality, dated 31 May
11 Jul 2022	To committee	Letter from the Financial Conduct Authority, relating to operational performance and transparency, dated 4 July
25 Apr 2022	To committee	Letter from the Financial Conduct Authority, relating to its three-year strategy and 2022/23 Business Plan, dated 7 April
21 Apr 2022	To committee	Letter from the Financial Conduct Authority, relating to the 'Work of the Financial Conduct Authority' session, dated 25 June 2021
21 Apr 2022	To committee	Letter from the Financial Conduct Authority, relating to interim appointments, dated 23 June 2021
31 Jan 2022	To committee	Letter from the Chair to Nikhil Rathi FCA regarding Stronger Nudge, dated 31 January
24 Jan 2022	To committee	Letter from the FCA, following up oral evidence given on 8 December, dated 19 January
8 Dec 2021	—	Update from the Financial Conduct Authority relating to the Independent Review recommendations, dated 2 December 2021
8 Dec 2021	—	Correspondence from the Chief Executive of the Financial Conduct Authority relating to the Financial Conduct Authority transformation programme, dated 6 December 2021
12 May 2021	To committee	Letter from FCA Chief Executive regarding pension guidance
2 Dec 2020	To committee	Letter from Chair to Chief Executive, Financial Conduct Authority, relating to follow-up from the 4 November evidence session, dated 13 November 2020
2 Dec 2020	To committee	Letter from Chair of FCA relating to complaints scheme consultation, dated 27 November 2020
2 Dec 2020	To committee	Letter from Chief Executive FCA following the recent hearing on the work of the FCA, dated 26 November 2020
30 Nov 2020	To committee	Letter from Caroline Rainbird, Chief Executive, Financial Services Compensation Scheme, relating to the Financial Services Compensation Scheme Levy, dated 11 November 2020