Source · Select Committees · Public Accounts Committee
Recommendation 8
8
Having asked regulators to be less risk averse, a year after the Action Plan, neither...
Conclusion
Having asked regulators to be less risk averse, a year after the Action Plan, neither DBT nor HM Treasury have articulated what level of risk appetite they expect regulators to work within. Without this, regulators cannot know what levels of risks government is willing to accept, and may be unable to act in accordance with government policy objectives.13 We received written evidence submissions which made the same point.14