The Treasury Committee will scrutinise the Government’s draft
Financial Services and Markets
Bill at 4pm on Tuesday 11 October.
Purpose of the session
In a session with the new Financial Secretary to the Treasury and
City Minister, , the Committee will
explore the content of the legislation, which proposes
wide-ranging changes to the regulation of the financial services
industry in the UK.
MPs are likely to examine the proposed new ‘call-in power’ that
would enable the Treasury to change the regulators rules, whether
this could threaten the independence of regulators, and if
investment in the UK financial services sector could fall as a
result.
Committee members are also likely to question the proposed
secondary growth objective for the regulators, and the impact
this could have in light of the near collapse of several pension
funds in recent weeks.
The Government’s commitment to protecting access to cash will
also be explored, as will the impact of the legislation on
financial inclusion and reimbursement for victims of fraud.
MPs may also discuss the Government’s proposals for the
regulation of cryptoassets.
Witnesses
Tuesday 11 October
At 11pm
Grimond Room, Portcullis House, Houses of Parliament
-
MP, Financial Secretary
to the Treasury and City Minister, HM Treasury
-
- Accompanied by Rohan Lee, Deputy Director, Financial
Services Strategy, HM Treasury
