Lords committee investigating EU financial regulation hears from financial authorities
On Tuesday 28 October the Lords Committee investigating the EU financial regulatory framework will hear from the Financial Conduct Authority (FCA) and the European Securities and Markets Authority (ESMA).
The House of Lords EU Sub Committee on Economic and Financial Affairs is reviewing the effectiveness of the current regulatory system, and on Tuesday will be questioning financial authorities from the UK and EU.
Evidence will first be heard at 10.05am from Mr David Lawton, Director of Markets, FCA and Mr Christopher Woolard, Director of Policy, Risk and Research, Member of the Executive Committee, FCA.
Then later at 11.15am evidence will be heard from Ms Verena Ross, Executive Director, ESMA.
Questions that the Committee will put to the witnesses include:
- What is your overall assessment of the regulatory reforms that have been brought in since the outbreak of the financial crisis?
- Which are the biggest strengths and weaknesses in the regulatory framework?
- Is the quality of regulation compromised by the particular structure of European Supervisory Authorities (ESAs)?
- How will new regulations benefit investors and consumers in the UK and wider EU markets?
- How effective has the EU's attempt to harmonise rules in the form of the Single Rulebook been?
- How can ESMA by means of equivalence decisions taken to apply the Single Rulebook internationally ensure that the EU market remains open and competitive?
The Committee evidence sessions will take place at 10:05am in Committee Room 3 in the House of Lords, on Tuesday 28 October.
The session will be webcast at www.parliamentlive.tv and is also open to the public. Journalists wishing to attend should go to Parliament's Cromwell Green Entrance and should allow time for security screening.
