Personal

Business

Commercial

Economy

Treasury launches regulatory reform consultation‎

26 July 2010

Financial Secretary to the Treasury launches consultation on the implementation of financial regulation reforms announced at Mansion House.

Financial Secretary to the Treasury, Mark Hoban MP, today launched the Government's consultation on the implementation of reforms to financial regulation. The document sets out detailed proposals for reform of the financial services sector, first announced by the Chancellor in his Mansion House speech on 16th June 2010.

The Chancellor set out plans to overhaul the system of Financial Regulation giving the Bank of England powers over macro prudential regulation through a newly established Financial Policy Committee (FPC), which will be established on an interim basis from Autumn 2010.

The consultation invites views on this proposal in addition to plans to create:

- A new prudential regulator under the control of the Bank of England headed by a new Deputy Governor (the first of whom will be current Financial Services Authority Chief Executive, Hector Sants), which will be responsible for supervising the safety and soundness of individual financial firms.

- A new Consumer Protection and Markets Authority (CPMA) to act as a single integrated regulator focussed on conduct in financial markets

Financial Secretary to the Treasury, Mark Hoban said:

"The Coalition Government is delivering on its commitment to reform the financial system, to avoid repeating the mistakes of the recent financial crisis and to ensure that taxpayers are protected. Today is a crucial milestone in our programme of reform. To take this forward, we would welcome the input of everyone who has an interest, including regulators and the regulated community, to ensure that we get the design right.”

Back to News

Print Article

150,000 small businesses face insolvency

Man arrested in FSA insider dealing investigation

Lack of trust condemned HIPs to failure

Industry dismayed as ministers refuse to boost new homes supply

Housing transactions fall back in August

Customers hit by jump in overdraft rates

L&G partners with Islamic Bank of Britain

Interactive financial adviser launched

BoE bank rate remains at record low

Montello raises £20M for real estate bridging finance

Research predicts annuity rates will fall over next 5 years

Leeds launches new discount mortgage

iSold moving national could change estate agents' business models

FSA fine Goldman Sachs £17.5m

August activity drops but longer trends remain positive

Economic growth moderates

Leek United Building Society join L&G mortgage club

Aviva critical illness pays out 93% of claims

CML event considers the future of housing

Availability of mobile-friendly contact centre management tools announced

69% think base rate will rise by August 2011

Fund managers acting more cautiously

N&P introduce new fixed rate mortgage

Councils must prosecute rogue landlords

Abbey launch fixed rate Intermediary Special

Nationwide cuts personal loan rate

House prices rise 0.2% in August

BBA appoint Marcus Agius as Chairman

Personal Touch adopts ALL NEW MortgageBrain

Lord Sassoon welcomes Indian Banks to the UK

PPR set to save collapsed property chains

Advisers must deliver consumer education on equity release

Metro Bank invest in Equifax risk management tools

Intermediary products rise

Margaret Cole appointed to FSA Board

Barclays appoint Bob Diamond as new chief

Brokers need greater understanding of secured loans

Rightmove website goes mobile

OpenConvey appoints Northern Ireland solicitor to panel

54% of IFAs use more than one platform

In the Spotlight

Every month we invite an industry regular to pop in for a brew and a chat with MyIntroducer to find out what they're up to and how business is fairing so far in 2009.

This Month we talk to Gary Bailey, Company Director at Manchester based lender, Blemain Group. Click to Read More...

Housing transactions fall back in August

Lack of trust condemned HIPs to failure

Research predicts annuity rates will fall over next 5 years

Leeds launches new discount mortgage

August activity drops but longer trends remain positive

Loans Warehouse launch 'Getting the basics right' campaign

SMEs are still struggling to get access to commercial finance

Blu Debt Management teams up with Paymentshield

Is your financial future at risk? Asks Prudential's Investment director

Santander Business Banking to offer loan & bond products through NACFB

Debt levels could be 'tip of the iceberg', warns The Debt Advisor

MYI Poll

Our Partners

	Commercial Introducer The Home of the Bridging & Commercial Professional. Industry News, Reviews & Comment aimed specifically at commercial finance specialists.
	Debt Introducer The Home of the Debt Solutions Professional. Industry News, Reviews & Comment aimed specifically at debt solutions specialists.
	Factel Studio Commercial Website's designed and managed completely by yourself from as little as £10 Per Month.
	MailEm Email Marketing Made Easy! Deliver your message to over 3.5 million businesses using Mailem's simple cost-effect email delivery system.

Home | Terms Of Service | About Us | Privacy Policy | Anti Spam Policy | Advertise on MyIntroducer | Contact Us

ADVICE TO READERS
While this website is checked for accuracy, Barcadia Media Limited are not liable for any incorrect information included. We recommend that you make enquiries based on your own circumstances.

Myintroducer.com is a trading style of Barcadia Media Limited © 2009
Barcadia Media Limited. Registered in England & Wales No. 6970806 Registered address. Barcadia Media Ltd, Unit 6, 154-158 Church Street, Blackpool, Lancashire, FY1 3PS. Tel: 0845 413 0599 Data Protection Notification No: Z162 1548