Recommendation 199

We received limited evidence on what the FCA and PRA could do to facilitate growth in the wider economy, or what changes could be made to regulation that would impact on investment in the UK economy as a whole. We believe that this is indicative of a gap in the evidence base for policy makers and rule makers around which regulatory mechanisms have a direct impact on growth. This raised questions for us around the extent to which the FCA and PRA can be expected to facilitate economic growth.