New structure for UK financial regulation from 2012
We are preparing a formal response to the UK Government consultation from HM Treasury on the restructuring of regulation. The Government plans to create a Financial Policy Committee, and Prudential Regulatory Authority as part of the Bank of England, and the Consumer Protection and Markets Authority which together will replace the Financial Services Authority.
We responded to the publication of the consultation with a call for smaller firms not to become unintentionally caught up in complicated new regulatory processes that reduce their ability to conduct business effectively. This stance will underpin our response.
If you have ideas or experiences that could contribute constructively to the Panel’s opinions and debates on this topic, please do use the feedback form below.
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