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european banking authority, hsbc

Sub-Committee seek to gauge the effect of reforms

21 October 2014

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The Lords Sub-Committee investigating the EU financial regulatory framework will hear from HSBC, the Financial Services Consumer Panel and the Association of Corporate Treasurers

In its latest investigation, the House of Lords EU Sub-Committee on Economic and Financial Affairs is reviewing the effectiveness of the current regulatory system.

Witnesses

On Tuesday 21 October 2014 the House of Lords EU Economic and Financial Affairs Sub-Committee will hear evidence on the EU financial regulatory system from:

  • Douglas Flint, Group Chairman of HSBC Holdings Plc
  • Sue Lewis, Chair of the Financial Services Consumer Panel
  • Colin Tyler, Chief Executive of the Association of Corporate Treasurers
     
  • Evidence will first be heard at 9.50am from from Mr Douglas Flint, Group Chairman of HSBC Holdings Plc.
  • At approximately 11.00am the Committee will hear from Sue Lewis, Chair of the Financial Services Consumer Panel, and Colin Tyler, Chief Executive of the Association of Corporate Treasurers

Possible questions

Questions that the Committee will put to the witnesses include:

  • What is your overall assessment of the regulatory reforms that were brought in since the outbreak of the financial crisis?
  • Which are the biggest strengths and weaknesses in the regulatory framework? 
  • Have consumer protection issues been overlooked as a consequence of the reforms?
  • Where do UK consumers stand in the wake of reforms – in a stronger or weaker environment?
  • How effective has the EU’s attempt to harmonise rules in the form of the Single Rulebook been?
  • The ‘too big to fail problem’ – how can the issue of implicit subsidies enjoyed by large banks be addressed?
  • How well does regulation create incentives to better manage risk?
  • What are the implications for the UK, a non-eurozone Member State, in terms of EU regulatory reform?

The Committee evidence sessions will commence at 9.50am in Committee Room 3A in the House of Lords, on Tuesday 21 October. 

Further information