We need your support to keep TheyWorkForYou running and make sure people across the UK can continue to hold their elected representatives to account.

Donate to our crowdfunder

Clause 75 - Conclusion of investigation

Part of Financial Services Bill – in a Public Bill Committee at 11:15 pm on 20th March 2012.

Alert me about debates like this

Photo of Chris Leslie Chris Leslie Shadow Minister (Treasury) 11:15 pm, 20th March 2012

I have a simple question. The clause covers detailed issues that have to be included in the conclusions of an investigation. It has included results of the investigations, lessons and recommendations, but not the background and causes of the regulatory failure. I am slightly worried that the root causes of that failure are not captured specifically in the Bill. If the Minister can confirm that the provisions, perhaps the results of the investigation or the lessons, will broadly include the causes, that would be helpful. It just seemed an obvious omission in the clause as framed.