Source · Select Committees · Financial Services Regulation Committee
Recommendation 66
66
Paragraph: 331
A comprehensive review and revision of the secondary objective metrics is required.
Conclusion
A comprehensive review and revision of the secondary objective metrics is required. This should be commenced as soon as possible after the publication of the regulators’ second secondary objective progress reports , due by summer 2025. As part of this review, HM Treasury and the regulators should prioritise introducing more granularity to the metrics, ensuring there is enhanced transparency around the operational effectiveness of the regulators which better reflects the experience of firms of all sizes.
Paragraph Reference:
331
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 ↗