Source · Select Committees · Treasury Committee
Recommendation 20
20
Deferred
We will continue to maintain an open mind as to how best to scrutinise the...
Conclusion
We will continue to maintain an open mind as to how best to scrutinise the significant flow of financial services proposals that will be made by the regulators, and we look forward to engaging constructively with the Government and with others in Parliament once more detailed proposals emerge from the Government’s consultation response later this year. (Paragraph 93) 30 The Future Framework for Regulation of Financial Services
Government response summary AI-generated
The government deferred a detailed response, stating it is considering the committee's views alongside an ongoing consultation and will bring forward detailed proposals in a second consultation in the autumn, not wishing to pre-judge it.
Summary of the government's response below — read the verbatim text to verify.
Government Response
Deferred
HM Government · verbatim extract
Deferred
The government is considering the recommendations made by the Committee, alongside the responses to the Financial Services Future Regulatory Framework Review Consultation, which closed on 19 February 2021. The government will bring forward detailed proposals in a second consultation in the autumn. I therefore do not intend to respond in detail to each recommendation in this letter, as doing so would pre-judge that consultation. However, having noted your recommendations with interest, I would like to take this opportunity to reiterate some of the points I raised during my evidence session with the Committee.
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