New Treasury sub-committee to scrutinise FCA and PRA
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New Treasury sub-committee to scrutinise FCA and PRA

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The Treasury Select Committee has announced that a sub-committee of MPs has been set up to scrutinise how the financial regulators will retain or jettison EU rules, at a time when pressure is mounting for greater accountability across both watchdogs.

The Sub-Committee on Financial Services Regulations will take the lead on scrutiny of financial regulatory proposals and have powers to question individuals in evidence sessions and make formal requests for information.

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