The House of Commons Treasury Committee has published the terms of reference for its Financial Conduct Authority inquiry: see here. Written submissions are sought in response to a good number of questions, including: are the FCA's objective clear and appropriate? Should the FCA have a primary duty to promote competition as recommended by the Independent Commission on Banking? Does the FCA have suitable powers?
Tuesday, 4 October 2011
UK: Commons Treasury Committee publishes FCA inquiry terms of reference
The House of Commons Treasury Committee has published the terms of reference for its Financial Conduct Authority inquiry: see here. Written submissions are sought in response to a good number of questions, including: are the FCA's objective clear and appropriate? Should the FCA have a primary duty to promote competition as recommended by the Independent Commission on Banking? Does the FCA have suitable powers?
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