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Inquiry concluded, Report and Government Response published
In July 2010, the Treasury published a consultation document, 'A new approach to financial regulation: judgement, focus and stability', proposing changes to financial regulation in the United Kingdom. The Government proposed to do away with the tripartite system, in which the Treasury, Bank of England, and Financial Services Authority work together, replacing it with a ‘twin peaks’ structure, separating macroprudential and conduct of business regulation. The Committee conducted an inquiry into the proposals and published its findings on 3 February 2011.
Committee calls for right not rushed regulation
The Government has issued a consultation on its plans to change the system of UK financial regulation. The Committee today issues a call for evidence as part of its inquiry into these proposals.