At 10.15am today, the House of Lords Financial Services
Regulation Committee will hear evidence from:
- Professor Kern Alexander, Chair for International Financial
Law and Regulation, University of Zurich, and Director of Studies
in Law and Finance, Queens' College, University of Cambridge
- Professor Simon Gleeson, Visiting Professor at the Faculty of
Law, University of Oxford, and Consultant to Clifford Chance.
This is the first evidence session of the committee's new inquiry
into the growth of private markets in the UK following regulatory
capital and liquidity reforms introduced after the 2008 financial
crisis.
This session, which is open to the public, will be held in
Committee Room 4 of the House of Lords and streamed live and on
demand on Parliament TV.
Topics the committee is likely to cover in this session include:
- Whether the regulatory capital and liquidity reforms
introduced after 2008 have reduced banks' ability or willingness
to lend, pushing financial activity away from the banking sector
and into private markets.
- What interconnections exist between the UK's banking sector
and private markets, where this exposure is concentrated, and
what spillover risks exist to exposed banks.
- How much visibility does the Bank of England have on the size
of these private markets, their interconnections with the banking
sector, and any potential spillover risks.
The committee has published a call for evidence. The
deadline for written submissions is Thursday 18 September 2025.
