Source · Select Committees · Treasury Committee
Recommendation 17
17
Not Addressed
Paragraph: 88
Our Committee has been consistent in its regular monitoring of the work of the Financial...
Conclusion
Our Committee has been consistent in its regular monitoring of the work of the Financial Conduct Authority and of the Prudential Regulatory Authority, the extent to which they meet the objectives set for them by Parliament, and their responsiveness to consumer expectations. There is a strong logic in aligning the scrutiny of draft regulations and policy proposals with that of policy implementation and the day-to- day work of the regulators.
Government response summary AI-generated
The Government's response states that the structure for scrutiny is a matter for Parliament, which does not directly address the Committee's conclusion about the logic of aligning scrutiny of regulations and policy implementation.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
88
Government Response
Not Addressed
HM Government · verbatim extract
Not Addressed
Finally, while I note the Committee’s conclusion that they do not see a clear need for the creation of a new committee or a new independent body, I would also like to reiterate that it is rightly a matter for Parliament to consider the appropriate structure for its scrutiny.
Read the full response on Parliament ↗