Follow-up to the recommendations of the Financial Exclusion Select Committee
The Liaison Committee is holding a one-off evidence session on the recommendations of the former Financial Exclusion Select Committee. In the review of investigative and scrutiny committees, the Liaison Committee recommended that the Committee may hold a small number of evidence sessions to follow-up a special inquiry committee's recommendations. This is the third such session.
The Liaison Committee will be joined at the one-off evidence session by former members of the Financial Exclusion Select Committee Baroness Primarolo, Lord Empey, Viscount Brookeborough and the former Chair, Baroness Tyler of Enfield.
Possible questions are:
- Has the transition towards a cashless economy put individuals at serious risk of social exclusion and marginalisation?
- What role does the Post Office currently have in providing access to financial services for customers who are or at risk of financial exclusion and how might that role develop?
- Are the FCA’s principles sufficient to ensure that Financial Service providers exercise a duty of care to their customers?
- What are banks doing to promote the use of basic bank accounts?
- Is the Government’s leadership on financial inclusion sufficient?
It is anticipated that the Liaison Committee will publish a report on the outcome of the evidence session with a Government response to the report to follow.