City Body Backs Plan To Keep Post-EU Regulation In Check
By Alex Davidson (June 23, 2022, 5:24 PM BST) -- A financial services trade body said on Thursday that the creation of a parliamentary subcommittee to scrutinize post-Brexit regulation should be used to keep policymakers in check.
TheCityUK said the new Sub-Committee on Financial Services Regulations, set up by the Treasury Committee, provides essential democratic checks and balances on new proposed regulation.
The subcommittee, made up of all members of the influential Commons Treasury Committee, will examine texts covering financial services regulation that will become law where it considers this necessary.
"The creation of a new subcommittee to scrutinize financial services regulation is a critical piece of the puzzle in creating...
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