Joint Select Committees
Draft Financial Services Bill
HL 236 / HC 1447, Session 2010-12 - Report, Together with Formal Minutes and Appendices
- House of Lords / House of Commons - Joint Committee on the Draft Financial Services Bill
- TSO (The Stationery Office)
The 'Draft Financial Services Bill (HL 236 / HC 1447)' is aimed at preventing a potentially calamitous systemic failure of the financial sector.
Following the perilously close collapse of Britain's banking system in autumn 2008, the draft Bill proposes far reaching changes to the regulatory structure, replacing the tripartite system of financial regulation with a twin peaks model to avert future catastrophe.
The Joint Committee's recommendations are intended to ensure that the new regulatory authorities have the right objectives, powers and responsibilities and systems of accountability which will be essential to make them effective.
|Format||Paperback||Published||19 Dec 2011|
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