On April 22, the House of Commons Treasury Committee (Committee) published a report on net zero and the future of green finance in the UK (the Report) along with a press release.
The key recommendations proposed by the Committee to achieve net-zero in the UK by 2050 include:
Continue Reading UK Treasury Committee Publishes Report on Net Zero and the Future of Green Finance
On March 23, the United Kingdom’s House of Commons Treasury Committee published the Bank of England’s (BoE) ‘written evidence’/responses to a UK Government inquiry into the post-Brexit future of financial services in the United Kingdom (the Response).
Continue Reading Post-Brexit Financial Services in United Kingdom — Bank of England Commentary Published
On November 20, the UK’s House of Commons Treasury Committee published a press release announcing the launch of a further inquiry into the future of the UK’s financial services sector following the end of the Brexit transition period (the Press Release).
Continue Reading UK’s Treasury Committee Publishes Further Inquiry Into Future of Financial Services Post-Brexit
On May 22, the UK’s House of Commons Treasury Committee (Treasury Committee) updated its webpage on its inquiry into what it refers to as “digital currencies.” The webpage now provides links to written evidence the Treasury Committee has received from the UK Financial Conduct Authority (FCA) and the Bank of England (BoE) in which they outline their work in this area.
Continue Reading Treasury Committee’s Virtual Currencies Inquiry Publishes FCA and Bank of England Evidence
On July 26, the UK Treasury Committee published a review of reports (Report) into the failure of the UK banking group Halifax Bank of Scotland (HBOS). Notably, the Report includes a review of the enforcement functions of the UK Financial Services Authority (which was subsequently divided into the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA)) at the relevant time of HBOS’ collapse. and the Report concludes that a strong case exists to move those functions to a separate new enforcement body (as previously proposed in 2013 by the Parliamentary Commission on Banking Standards).
Continue Reading UK Treasury Committee Calls for a New UK Enforcement Body
