Here you can browse the report together with the Proceedings of the Committee. The published report was ordered by the House of Commons to be printed 10 January 2012.
Terms of Reference
1 Introduction
Conduct of Business regulation in the United Kingdom
2 How the FCA fits into the proposed new regulatory structure
Strategic and operational objectives - the role of competition
The operational objectives and the role of competition
The Strategic objective
Competition powers
Defining the consumer
Consumer responsibility
International Competitiveness
The Consumer Credit Act 1974
3 Accountability
The importance of accountability
Membership of the FCA Board
The FCA, Parliament, industry and the public
4 The FCA's place in the wider regulatory architecture
Relationship with the FPC and PRA
The PRA veto
The European Union
5 How the FCA should approach its work
Supervisory Approach
A single supervisor across different areas
Supervising themes or firms?
Balancing benefits and costs and the regulatory ratchet
Staffing the FCA
Communication between the regulator and firms
6 New powers
New Powers over conduct regulation
Product intervention
The need for more intervention?
Early Warning Notices
Pre-approval of simple products
Price Intervention
Consumer education
Conclusions and recommendations
Formal Minutes
Witnesses
List of printed written evidence
List of additional written evidence
List of Reports from the Committee during the current Parliament
Oral and Written Evidence
Tuesday 25 October 2011: Angus Eaton, Operational and Regulatory Risk Director, Aviva Plc, Paul Killik, Senior Executive Officer and Partner, Killik & Co, and Philip Warland, Head of Public Policy, Fidelity Worldwide
Tuesday 1 November 2011: Lord Turner, Chairman, Hector Sants, Chief Executive, Martin Wheatley, Managing Director, Conduct Business Unit, and CEO-designate FCA, and Margaret Cole, Managing Director, Enforcement, Financial Crime and Markets, Financial Services Authority
Wednesday 2 November 2011: Peter Vicary-Smith, Chief Executive, Which?, Christine Farnish, Chair, Consumer Focus, and Gillian Guy, Chief Executive, Citizens Advice Bureau
Tuesday 8 November 2011: Mr Mark Hoban, MP, Financial Secretary to the Treasury, and Emil Levendoglu, Deputy Director, Financial Regulation Strategy, HM Treasury
Written Evidence
Additional written evidence
