APPG calls for greater Parliamentary oversight of financial services regulation

Industry News | 17/02/21

The All-Party Parliamentary Group (APPG) for Financial Markets and Services has published a report which sets out the need for Parliament to have a greater role in defining the regulatory framework for financial services following the UK’s departure from the EU.

The return of rule-making competencies to the UK presents an opportunity to ensure that these powers are designed to allow our financial services sector to continue to thrive, whilst reflecting and supporting the needs of the economy more widely. This is particularly important in financial services, which has an impact on a range of public policy areas such as economic growth, competitiveness and climate change.