Treasury launches regulatory reform consultation
Financial Secretary to the Treasury Mark Hoban MP has today (26 July) launched the Government’s consultation on the implementation of reforms to financial regulation.
The document sets out detailed proposals for reform of the financial services sector, first announced by the Chancellor in his Mansion House speech on 16 June 2010.
The Chancellor set out plans to overhaul the system of Financial Regulation giving the Bank of England powers over macro prudential regulation through a newly established Financial Policy Committee (FPC), which will be established on an interim basis from autumn 2010.
The consultation invites views on this proposal in addition to
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