Economic Secretary to face Lords EU Committee questions
How is the Government providing legal certainty to the financial services industry through the Withdrawal Bill process? Could a split domestic/international regulatory regime be workable? Should we be concerned that equivalence decisions may render the UK a rule-taker?
These are among the questions the House of Lords EU Financial Affairs Sub-Committee will be raising with Stephen Barclay MP, Economic Secretary to the Treasury, on Tuesday 5 December 2017.
Questions the Committee is also likely to ask Mr Barclay at 11am include:
- How will currently in-flight legislation be translated, in particular Acts that have been agreed but are not in force prior to 2019?
- What are the most significant regulatory barriers to the UK's international competitiveness that Brexit will allow the Government to address?
- The Chancellor's budget increased the resources of the British Business Bank (BBB) by two-thirds. Is this enough, in light of the anticipated departure of the UK from the European Investment Bank (EIB)?
- Are you optimistic that Brexit will actually lead to the opportunity for more regulatory tailoring?
- The Committee has heard evidence that contractual continuity is a key concern for the industry. How is the Government mitigating this risk?
The evidence session will take place from 11am on Tuesday 5 December in Committee Room 4 of the House of Lords.