PARLIAMENTARY WRITTEN QUESTION
(21 February 2025)

To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of the recommendations within the House of Lords Financial Services Regulation Committee's report entitled Naming and shaming: how not to regulate, published on 6 February 2025.

Asked by:
Mark Garnier (Conservative)

The Government welcomes the publication of this report and its recommendations for the Financial Conduct Authority (FCA). Effective Parliamentary scrutiny is key to ensuring a well-functioning regulatory environment with high standards of accountability and transparency.

The Government will continue to engage the FCA as it considers the responses received to its most recent consultation on these proposals and the Committee’s report, and expects the FCA to ensure that any proposals it takes forward are effective, proportionate, and contribute to a competitive regulatory environment in the UK.

Answered by:
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