Treasury Select Committee has its say on regulatory reform

The Treasury Select Committee is promising a blizzard of reports over the next week, including its much-awaited verdict on reform of the financial regulatory system next Friday (31 July). The first reports are out this morning and should have a major influence on the debate in the UK.
  • Banking Crisis: International Dimensions, Eleventth Report, to be published at 11.00am on Friday 24 July
  • Evaluating the Efficiency Programme, Thirteenth Report, to be published at 00.01am on Tuesday 28 July
  • Banking Crisis: regulation and supervision, Fourteenth Report, to be puublished at 00.01am on Friday 31 July
  • Mortgage arrears and access to mortgage finance, Fifteenth Report, to be published at 00.01am on Saturday 8 August
  • Banking Crisis: dealing with the failure of the UK banks: Government, UK Financial Investments Ltd and Financial Services Authority Responses to the Seventh Report from the Committee, to be published at 11.00am on Friday 24 July
  • Banking Crisis: reforming corporate governance and pay in the City: Government, UK Financial Investments Ltd and Financial Services Authority Responses to the Ninth Report from the Committee, to be published at 11.00am on Friday 24 July.
These reports have been an unusually long time in coming. Whether that means there have been some tough debates in the committee and some difficult compromises made we will know shortly. The chances are that the committee chair, John McFall, has got his way and they will be tough and straightforward in their conclusions. Obviously, key areas to look at are going to be the committee's views on the tripartite regime, the degree to which it thinks remuneration should be controlled, its attitude to capitalisation and Glass-Steagall like separation of investment and retail banking and the role of European and international institutions.

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