Financial Services: Regulation

House of Lords written question – answered on 15th January 2015.

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Photo of Lord Stewartby Lord Stewartby Conservative

To ask Her Majesty’s Government what plans they have to reconsider the attitudes, capabilities and experience required for senior posts in regulation in the light of the outcome of the Davis Review of the Financial Conduct Authority.

Photo of Lord Deighton Lord Deighton The Commercial Secretary to the Treasury

The Davis Review contained no recommendations for the government. The response to the Davis review conclusions is a matter for the Financial Conduct Authority.

This question has therefore been passed on to the FCA and the FCA will reply directly to the Noble Lord by letter. A copy of the letter will be placed in the Library of the House.

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