House of Lords to 'scrutinise' relationship between UK regulators and government

investmentweek.co.uk:

'A common area of concern arising from all these inquiries is the relationship between the regulator and the Government, and the level of independence and accountability regulators have.'

The committee is encouraging interested individuals and organisations to submit evidence on the following areas:
•    the roles and remits of regulators;
•    the balance between the responsibilities of regulators and those of the Government;
•    guidance given by the government to regulators;
•    the independence of regulators;
•    co-operation between regulators; 
•    the skills and expertise of regulators;
•    the role of Parliament in scrutinising regulators;
•    scrutiny, accountability and transparency of regulators;
•    the effectiveness of regulators; 
•    performance metrics;
•    international comparators. 

FCA to consult on amending regimes for alternative fund managers and retail funds

Lord Hollick, chair of the Industry and Regulators committee, said: «The committee has recently conducted scrutiny of regulators including Ofwat, Ofgem, The Pension Regulator, Financial Conduct Authority, Prudential Regulation Authority and the Office for Students. 

»A common area of concern arising from all these inquiries is the relationship between the regulator and the government, and the level of independence and accountability regulators have. Many regulators are public bodies funded by the taxpayer and have significant powers; it is therefore vital that they are scrutinised and held to account.

«This short, cross-cutting inquiry will shine a light on the UK regulatory ecosystem and how effective it is.» 

Investment Marketing and Innovation Awards winners interview — Alphix Solutions

FCA turns attention to private market