Source · Select Committees · Financial Services Regulation Committee
Recommendation 74
74
Paragraph: 352
Too many objectives muddle the work of regulators and supervisors, increase the risk of poor...
Recommendation
Too many objectives muddle the work of regulators and supervisors, increase the risk of poor decisions, and can lead to a dilution or distraction in the performance of their tasks. We therefore welcome the Government’s commitment to review the number of ‘have regards’ placed on the regulators and urge the Government to rationalise and reduce these as far as is possible. The Government must ensure that the number of objectives, regulatory principles and have regards do not inflate to the point where the regulators are unable to balance their varying obligations.
Paragraph Reference:
352
Government Response
A response document is linked to this report, dated 3 September 2025. Response attribution to this recommendation has not been verified. Read the response document ↗