Financial Services: Regulation
(asked on 28th October 2019) - View Source
Question to the HM Treasury:
To ask Her Majesty's Government what plans they have to review the impact of regulation on the competitiveness of financial services in the UK.
Answered by
Earl of Courtown
Captain of the Queen's Bodyguard of the Yeomen of the Guard (HM Household) (Deputy Chief Whip, House of Lords)
This question was answered on 4th November 2019
The Government keeps the regulatory framework for financial services under review, and is committed to ensuring the competitiveness of the sector. It has also given the independent financial services regulators a statutory mandate to have regard to aspects of the Government’s economic policy (including competitiveness), which is communicated through letters of recommendations.