M

Member

Speaking in the House of Lords on 4 November 2024

Debate

Bank Resolution (Recapitalisation) Bill [HL]

Contribution

At this point I note that this is distinct from the regular policy-making of the PRA and FCA, which do have a secondary growth and competitiveness objective, but one that is applicable only in the context of their general rule-making and policy-making roles. The Government are strongly committed to the broader secondary growth and competitiveness objectives for the financial services regulators and welcome the publication of the FCA’s and PRA’s reports on how they have embedded these objectives.

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