The Financial Secretary to The Treasury has today announced the launch of the Government’s consultation on financial regulatory reform.
The consultation, entitled A new approach to financial regulation: judgement, focus and stability can be found on HM Treasury’s website at http://www.hm-treasury.gov.uk/d/consult_financial_regulation_condoc.pdf
The consultation sets out the details announced last month – namely the creation of Financial Policy Committee (FPC) and Prudential Regulation Authority (PRA) within the Bank of England, and the Consumer Protection and Markets Authority (CPMA).
The consultation paper raises a number of questions that HM Treasury would like answering. HM Treasury request that replies or any questions should be sent to financial.reform@hmtreasury.gsi.gov.uk or by post to:-
Financial Regulatory Strategy
HM Treasury
1 Horse Guards Road
London SW1A 2HQ
The consultation closes on 18 October 2010.
Should you wish to discuss this or any other aspect of the regulations, please contact:
Steve White
Head of Compliance and Training
Tel. 020 7397 0222
Email whites@biba.org.uk
