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19 July 2023 - Work of the Financial Conduct Authority - Oral evidence

Committee Treasury Committee
Inquiry Work of the Financial Conduct Authority

Wednesday 19 July 2023

Start times: 2:00pm (private) 2:15pm (public)


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Treasury Committee to question Financial Conduct Authority on topics including mortgages and savings

The Treasury Committee will question the Chief Executive and Chair of the Financial Conduct Authority (FCA) as part of its ongoing scrutiny in a wide-ranging session at 2.15pm on Wednesday 19 July.

Meeting details

At 2:15pm: Oral evidence
Work Work of the Financial Conduct Authority (Regular evidence sessions)
Chief Executive at Financial Conduct Authority
Chair at Financial Conduct Authority

Last week, the Committee questioned mortgage lenders on rising rates and house prices. The cross-party Committee of MPs is likely to question the regulator’s leadership on the mortgage market, including concerns about increasing numbers of mortgage borrowers unable to make repayments.

The MPs are also likely to examine the implementation of the FCA’s new Consumer Duty - a requirement for firms to always act in good faith and deliver ‘fair value’ for their customers, as well as the regulator’s work on savings rates. Following on from its new inquiry into barriers faced by women in financial services, the Committee is likely to look at the regulator’s work combatting non-financial misconduct.

The FCA’s work on e-money firms and the regulation and supervision of smaller firms is also likely to be discussed.

Location

The Grimond Room, Portcullis House

How to attend