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UK Parliament

Financial institutions

Financial institutions news from UK Parliament.

Bank of England Governor faces questions from MPs for the first time since general election

The Treasury Committee will question the Bank of England Governor and members of the Monetary Policy Committee (MPC) at 10.15 next Tuesday. The session will focus on the Bank’s most recent Monetary Policy Report and the recent decision to reduce the Bank Rate by 0.25 percentage points to 4.75%.

15 November 2024

Reappointment of the Financial Services Regulation Committee and reopening of its inquiries

Financial Services Regulation Committee reopens calls for evidence

Committee examining FCA consultation CP24/2 on publicising enforcement investigations

In February 2024 the Financial Conduct Authority (FCA) published consultation paper CP24/2: Our Enforcement Guide and publicising enforcement investigations—a new approach. The Financial Services Regulation Committee is taking evidence on the FCA’s consultation paper.

Inquiry into FCA and PRA secondary growth and competitiveness objective

The Financial Services Regulation Committee is launching an inquiry into the secondary international competitiveness and growth objective given to the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) under the Financial Services and Markets Act 2023

Lords debates Spring Budget

Members discuss UK economic situation following Chancellor of the Exchequer's statement on 6 March.

Reforms needed to improve the Bank of England’s performance and accountability, says new Lords report

Economic Affairs Committee publishes its report 'Making an independent Bank of England work better'.

27 November 2023

Economic Crime and Corporate Transparency Bill completes parliamentary scrutiny

Members discuss small businesses and trail costs as anti-fraud bill set to become law. Catch up

26 October 2023

Lords debates growth rate of UK economy

Members discuss the rate of core inflation and the necessity of increasing productivity. Catch up

Bank of England Chief Economist responds to Treasury Committee on inflation forecasts and modelling

Bank of England Chief Economist responds to Treasury Committee on inflation forecasts and modelling

Treasury Committee expands savings rates campaign with letters to Nationwide, Santander, TSB and Virgin Money

Treasury Committee widens its campaign for banks to increase the savings rates offered to loyal customers

UK’s biggest banks respond to Treasury Committee on savings rates

Treasury Committee publishes responses from the UK’s biggest high street banks and writes to the financial regulator on low savings rates

Baroness Penn speaks in the House of Lords chamber

Lords debates Spring Budget

Members discuss economic situation following Chancellor of the Exchequer's statement. Catch up

UK Infrastructure Bank Bill completes passage through Parliament

Members discuss Commons changes on support for water companies. Catch up

The Bank of England: how is independence working? Economic Affairs Committee launches inquiry

Economic Affairs Committee launches inquiry into how the independence of the Bank of England is working.

Leveraged LDI strategies worsened September 2022 financial turmoil

The Industry and Regulators Committee has criticised the use of leveraged liability-driven investment (LDI) strategies by defined benefit (DB) pension funds

07 February 2023