Committee hears evidence on financial regulation from Bank of England
1 November 2017
EU Financial Affairs Sub-Committee takes evidence from the Deputy Governor of the Bank of England, regarding financial regulation and supervision following Brexit.
- Parliament TV: Financial regulation and supervision
- Inquiry: Financial regulation and supervision
- EU Financial Affairs Sub-Committee
Witnesses
Wednesday 1 November 2017 in Committee Room 4a, Palace of Westminster.
At 10.15am
- Sir John Cunliffe, Deputy Governor, Financial Stability, Bank of England
- Mr Sam Woods, Deputy Governor for Prudential Regulation and Chief Executive Officer of the Prudential Regulation Authority
Areas of discussion
The Committee is examining how financial regulation and supervision can evolve following Brexit in order to ensure financial stability, and potentially to maintain equivalence or some other form of close relationship between the UK and EU regulatory regimes in order to preserve market access.
Questions the Committee are likely to ask include:
- What would a transition period need to encompass?
- How can the continuity of cross-border and other contracts post-Brexit be ensured?
- What is the value of mutual market access from a regulatory perspective?
- What concerns does the Bank have about granting future access to EEA-domiciled industry post-Brexit, for example banks currently passporting into the UK?
- Is fragmentation of financial markets detrimental from a supervisory perspective?
- What is the Bank's stance on Central Counterparty (CCP) supervision and the potential enacting of a location policy?
Further information
Image: iStockphoto