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UK House of Lords Forms Regulator Oversight Committee

by Starling Insights

Starling Insights Editorial Board

Feb 05, 2024

Observations

UK FCA UK PRA UK The Era of Accountability Culture for Regulators Regulatory Trends Governance, Audit & Regulatory Failures

Last month, the UK House of Lords launched a new committee to oversee the country's financial regulators, as reported by the Financial Times.

According to Lord Michael Forsyth, there was "unanimity" in the House of Lords that action was needed to enhance Parliament's ability to hold regulators accountable. The House of Lords Committee will work alongside the House of Commons Treasury Select Committee, which launched a subcommittee to oversee regulators in 2022.

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UK House of Lords Forms Regulator Oversight Committee

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