In a session with the new Financial Secretary to the Treasury and City Minister, Andrew Griffith, 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.
Purpose of the session
In a session with the new Financial Secretary to
the Treasury and City Minister, Andrew Griffith, 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
- Andrew Griffith MP, Financial Secretary to the Treasury and City Minister, HM Treasury
- Accompanied by Rohan Lee, Deputy Director, Financial Services Strategy, HM Treasury
Treasury Committee
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