Select committee: Financial Services Regulation Committee
Conclusion 13
1st Report - Naming and shaming: how not to regulate
Published 6 Feb 2025
Paragraph 106
Financial Services Regulation Committee FCA enforcement guidance consultation All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Conclusion (the committee's words)
The lack of a cost benefit analysis has contributed to industry concern that the full impact of the proposals on firms and markets was not being suitably considered. Although there is no obligation for the FCA to provide cost benefit analysis on these proposals, the significance of the changes warrants one. Assessment of these proposals cannot simply be a case of ‘articulating the benefits’—it is incumbent on the FCA to demonstrate that a robust and detailed analysis of the costs form part of its evidence base for these proposals.
From: Financial Services Regulation Committee, 1st Report - Naming and shaming: how not to regulate, paragraph 106, 6 February 2025
Government response
No government response is linked to this report.