Source · Select Committees · Treasury Committee
Recommendation 19
19
Paragraph: 92
The House might also consider increasing the resources available to the Committee if it were,...
Conclusion
The House might also consider increasing the resources available to the Committee if it were, as we anticipate, to expand its existing responsibility for the scrutiny The Future Framework for Regulation of Financial Services 29 of financial services. Although the Committee already has the power to appoint specialist advisers, there may be merit in making provision for the Committee to have the assistance of the Counsel to the Speaker, in a manner similar to that provided to the BEIS Committee in its scrutiny of draft orders under Standing Order No. 141, on scrutiny of regulatory and legislative reform orders.
Paragraph Reference:
92
Government Response
Acknowledged
HM Government
Acknowledged
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.