New Treasury sub-committee to scrutinise regulators
The Treasury Select Committee has revealed a new sub-committee to scrutinise regulatory proposals for financial services in the post-Brexit landscape.
The committee outlined that new forms of scrutiny will be needed given the number of regulatory initiatives is likely to grow as regulators take on more responsibilities following the UK’s exit from the EU.
It detailed that the sub-committee on financial services will take the lead on monitoring and analysing financial regulatory proposals and will have powers to “send for persons, papers and records”.
The sub-committee will initially feature all the Treasury Committee’s members and also be
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