Source · Select Committees · Financial Services Regulation Committee
Recommendation 1
1
Paragraph: 28
Throughout the evidence we received, there was a clear link made between the current regulatory...
Conclusion
Throughout the evidence we received, there was a clear link made between the current regulatory culture characterised by risk aversion and its impact on the advancement of the secondary objective. We heard that this culture is driven by the repercussions of the Global Financial Crisis and the conflicting pressures under which the regulators operate.
Paragraph Reference:
28
Government Response
A response document is linked to this report, dated 3 September 2025. Response attribution to this conclusion has not been verified. Read the response document ↗