Future of Financial Services

Treasury Committee Closed Inquiry
Opened: 20 Nov 2020 Closed: 1 Nov 2022 Parliament page
This inquiry will look at the future of financial services after the Brexit transition period ends. It will examine how financial services regulations should be set and scrutinised by Parliament, as EU directives will cease to govern new rules and regulations. It will also consider how regulators are funded and … Read more
13 Recommendations
32 Conclusions
3 Reports
5 Letters
9 Events
Activity timeline 19 events
7 Sep
2022
Report published
6 Sep
2022
Correspondence
23 Jun
2022
Report published
16 Jun
2022
Report published
25 Apr
2022
Correspondence
25 Apr
2022
Correspondence
10 Mar
2022
Correspondence
2 Mar
2022
Formal meeting (oral evidence session) · The Grimond Room, Portcullis House
21 Feb
2022
Formal meeting (oral evidence session) · The Grimond Room, Portcullis House
17 Jan
2022
Formal meeting (oral evidence session) · Room 8, Palace of Westminster
6 Dec
2021
Formal meeting (oral evidence session) · Room 16, Palace of Westminster
25 Oct
2021
Formal meeting (oral evidence session) · Room 5, Palace of Westminster
Recommendations & Conclusions
1 result
Clear
14 Recommendation Deferred
First Report - Future of financial…
The Treasury and regulators should publish a forward-looking schedule of approximately when they expect each...
The Treasury and regulators should publish a forward-looking schedule of approximately when they expect each EU financial regulatory file to move across to the regulatory rulebooks, including timelines for consultation, and when they expect the overall project to conclude. This … Read more
Government Response
The government notes the recommendation and recognizes the need to set out further information on the process of moving from retained EU law to a comprehensive FSMA model, indicating that it expects to do so in due course.
HM Treasury
View details
Government Response AI assessment · 25 of 13 classified
Accepted 6
Accepted in Part 2
Acknowledged 16
Deferred 1
Total 13 recs + 32 conclusions
Correspondence 5 letters
6 Sep 2022 To committee Letter from the Economic Secretary to the Treasury, relating to proposals for a “have regard” for financial inclusion for the Financial Conduct Authority, dated 25 July
Parliament page
25 Apr 2022 To committee Letter from the Economic Secretary to the Treasury, relating to the ‘Future of Financial Services’ session on 2 March regarding sanctions, dated 1 April
Parliament page
25 Apr 2022 To committee Letter from the Economic Secretary to the Treasury, relating to the ‘Future of Financial Services’ session on 2 March regarding financial services, dated 1 April
Parliament page
10 Mar 2022 To committee Letter from John Glen relating to sanctions following the Committee's evidence session on the ‘Future of financial services’, dated 4 March 2022
Parliament page
20 Oct 2021 To committee Letter from Lloyds following evidence given to TSC, regarding the future of financial services, dated 13 October 2021
Parliament page