Who watches the watchdogs?
In a post-Brexit world, the UK legislature aims to position the country favourably by means of the Financial Services and Markets Bill (FSMB) and is taking a look at the role of the regulators, namely the FCA and the PRA.
Law firm Macfarlanes has commented on the approach taken by the Treasury Select Committee (TSC) and issued a statement to call for the establishment of an independent oversight body for the UK’s financial watchdogs.
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