Member

I am sure that the regulators have been whispering in the ears of Ministers that they would love to do all the things that Ministers want them to do, if only they did not have so many pesky requirements to do boring things such as consultation with the wealth creators in the economy. Shame on Ministers if they are taken in by that. Public bodies, especially unaccountable ones such as the FCA and the PRA, have to accept that they have positive responsibilities to engage with the sector that they regulate. My amendments also include consultation with anyone else affected by the strategies, not only those they regulate. This should be non-negotiable.