FCA and PRA’s secondary competitiveness and growth objective

Financial Services Regulation Committee Closed Inquiry
Opened: 2 May 2024 Closed: 11 Mar 2026 Parliament page
This inquiry looks into the secondary international competitiveness and growth objective given to the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) under the Financial Services and Markets Act 2023. This call for evidence was reopened on 5 August 2024 following the Committee’s reappointment on 29 July 2024. … Read more
1 Report
18 Oral sessions
8 Letters
18 Events
Activity timeline 28 events
15 Dec
2025
Correspondence
31 Oct
2025
Correspondence
4 Sep
2025
Correspondence
3 Sep
2025
Report published
3 Sep
2025
Correspondence
13 Jun
2025
Report published
9 Apr
2025
Correspondence
27 Mar
2025
Correspondence
27 Mar
2025
Correspondence
12 Feb
2025
Oral evidence
5 Feb
2025
Oral evidence
24 Jan
2025
Correspondence
Oral evidence sessions 18 sessions
12 Feb 2025
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David Geale · Payment Systems Regulator
5 Feb 2025
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Catherine McCloskey · HM Treasury Emma Reynolds MP · Department for Environment Food and Rural Affairs
22 Jan 2025
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Ashley Alder · Financial Conduct Authority Nikhil Rathi · Financial Conduct Authority
15 Jan 2025
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Andy Briggs MBE · Phoenix Group Chris Pond · Financial Inclusion Commission Peter Tutton · StepChange Debt Charity Rocio Concha · Which?
8 Jan 2025
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David Bailey · Prudential Regulation Authority Sam Woods · Prudential Regulation Authority
18 Dec 2024
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Anna Dunn · JP Morgan UK Hani Kablawi · BNY Hannah Gurga · Association of British Insurers Helen Charlton · FCA Financial Services Consumer Panel Jonathan Hewitt · FCA Financial Services Consumer Panel Julie Hunter · FCA Financial Services Consumer Panel
11 Dec 2024
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Debbie Crosbie · Nationwide Building Society Julie-Ann Haines · Principality Building Society Robin Fieth · Building Societies Association Steve Hughes · Coventry Building Society
27 Nov 2024
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Andrew Griffith MP · HM Treasury Bim Afolami · HM Treasury
20 Nov 2024
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Anthony Coombs · S&U Plc Cuan Coulter · State Street Jack Inglis · Alternative Investment Management Association (AIMA) Lionel Assant · Blackstone Michael Moore · British Private Equity and Venture Capital Association (BVCA) Stephen Haddrill · Finance & Leasing Association (FLA)
6 Nov 2024
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Chris Cummings · The Investment Association Simon Taylor · Sardine Sir Douglas Flint CBE · Abrdn Soups Ranjan · Sardine
30 Oct 2024
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Charles McManus · ClearBank Richard Davies · Allica Bank Sir Howard Davies · NatWest Group
23 Oct 2024
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Charles Randell CBE · Slaughter and May Janine Hirt · Innovate Finance Robert Kerrigan · TrueLayer Shachar Bialick · Curve
16 Oct 2024
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David Postings · UK Finance Mike Regnier · Santander UK Nigel Terrington · Paragon Banking Group
9 Oct 2024
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Professor Kern Alexander · University of Zurich Sandra Boss · BlackRock UK
11 Sep 2024
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Carol Knight · The Investing and Saving Alliance (TISA) Lisa Laybourn · The Investing and Saving Alliance (TISA)
4 Sep 2024
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Caroline Wagstaff · London Market Group Christopher J. Lay · Marsh McLennan UK
22 May 2024
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Chris Hayward · The City of London Corporation Kerstin Mathias · The City of London Corporation
8 May 2024
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Miles Celic · TheCityUK
Correspondence 8 letters
15 Dec 2025 To committee Letter from Lucy Rigby KC MP, Economic Secretary to the Treasury, to Lord Forsyth of Drumlean regarding the letter addressed to the chancellor on 31 October (15 December 2025)
Parliament page
31 Oct 2025 To committee Letter from Lord Forsyth of Drumlean to the Rt Hon. Rachel Reeves MP, Chancellor of the Exchequer, regarding HM Treasury's response to the Committee's report 'Growing pains: clarity and culture change required' (31 October 2025)
Parliament page
4 Sep 2025 Response by the FCA to the Committee’s 2nd Report of Session 2024–25, ‘Growing pains: clarity and culture change required – An examination of the secondary international competitiveness and growth objective’
Parliament page
3 Sep 2025 Response by the PRA to the Committee’s 2nd Report of Session 2024–25, ‘Growing pains: clarity and culture change required – An examination of the secondary international competitiveness and growth objective’
Parliament page
9 Apr 2025 To committee Letter from Nikhil Rathi, Chief Executive of the FCA, to Lord Forsyth of Drumlean regarding the FCA’s 2025/26 Annual Work Programme (8 April 2025)
Parliament page
27 Mar 2025 To committee Letter from Nikhil Rathi, Chief Executive of the FCA, to Lord Forsyth of Drumlean regarding the FCA’s five-year strategy (25 March 2025)
Parliament page
27 Mar 2025 To committee Letter from Lord Forsyth of Drumlean to Nikhil Rathi, Chief Executive of the FCA, regarding the Committee’s inquiry into the FCA and PRA’s secondary competitiveness and growth objective (13 February 2025)
Parliament page
24 Jan 2025 To committee Letter from Dave Ramsden, Deputy Governor for Markets and Banking at the Bank of England, to Lord Forsyth of Drumlean regarding the MREL indicative total assets threshold (22 January 2025)
Parliament page