Committee hears evidence from FCA and ESMA on EU financial regulatory framework

• Parliament TV: Watch the evidence session
• Inquiry: EU Financial Regulatory Framework
• EU Economic and Financial Affairs Sub-Committee

The Committee will hear evidence on the EU financial regulatory framework from:

• David Lawton, Director of Markets, and Christopher Woolard, Director of Policy, Risk and Research, Financial Conduct Authority (FCA)
• Verena Ross, Executive Director, European Securities and Markets Authority (ESMA)

The evidence sessions will commence at 10:05am in Committee Room 3 in the House of Lords.

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?
• Has there been a tendency towards silo-based regulation and a lack of joined-up thinking in the EU’s approach to financial services regulation?
• What is the role of ESMA and the other ESAs? Do they have sufficient powers and resources to do their job effectively? How does the FCA interact with their work?
• What are the benefits and challenges of new regulations that aim to improve the transparency, sale and disclosure information of financial and consumer products?
• What are the key challenges faced by the FCA as a UK regulator within the wider EU regulatory climate?

Further information

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