Sub-Committee to ask if regulation is inconsistent across Europe

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

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

The evidence session follows the confirmation of the appointment of Lord Hill as the new EU Commissioner for Financial Services, and the Sub-Committee will be asking witnesses to predict where they see any shortcomings in the existing framework which he would need to address.

Witnesses

The evidence sessions will take place on Tuesday 14 October in Committee Room 3 at the House of Lords.

• Evidence will first be heard at 10.05am from Andrea Enria, Chairperson, European Banking Authority (EBA).
• At approximately 11.15am the Committee will hear from Anthony Browne, Chief Executive, British Banking Association and Sally Dewar, Managing Director, JP Morgan.

Possible questions

Questions that the Sub-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?
• 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 illicit subsidies enjoyed by large banks be addressed?
• Is the integrity of the single market compromised in any way by the introduction of the Banking Union?
• What are the implications for the UK, a non-eurozone Member State, in terms of EU regulatory reform?

Further information

• About Parliament: Select Committees
• Visiting Parliament: Watch Committees