Financial Services: Regulation — Written Question

Question

Callum Anderson

Labour — Buckingham and Bletchley

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of the discussions on non-bank financial intermediation during the UK–US Financial Regulatory Working Group discussions, in June 2025, on UK financial

Answer

Emma Reynolds

On 3 June, HM Treasury hosted the US Treasury and regulators for the UK-US Financial Regulatory Working Group. The Joint Statement outlines the discussions, including on non-bank financial intermediation, and can be found here. HM Treasury, the Bank of En...

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