header-logo header-logo

Home Login E-newsletter About us
30 June 2011 / Jane Mayfield
Issue: 7472 / Categories: Features , LexisPSL
printer mail-detail

A blueprint for reform

© Copyright LexisNexis 2026. All Rights Reserved.

Jane Mayfield reports on the proposed reforms to financial regulation

In June, HM Treasury published its white paper on the proposed changes to the regulation of the financial sector. The new approach to financial regulation: the blueprint for reform provides detail on how the government proposes to strengthen the financial system by promoting the role of judgment and expertise.

The paper includes a draft financial services Bill which contains some of the provisions needed to give effect to the proposed reform by amending existing legislation, eg the Financial Services and Markets Act 2000 (FSMA 2000) and the Bank of England Act 1998. This approach aims to minimise the extent to which regulated firms and other users of such legislation have to deal with changes, and to allow a more focused scrutiny of the proposed key changes to the regulatory regime by parliament and stakeholders.

The government proposes to establish a Financial Policy Committee (FPC), a Prudential Regulation Authority (PRA), and a Financial Conduct Authority (FCA).

Financial Policy Committee

The FPC will sit within the Bank of England. Its main objective will

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Read All
Sponsored by
Hogan Lovells—Lisa Quelch

Hogan Lovells—Lisa Quelch

Partner hire strengthens global infrastructure and energy financing practice

Sherrards—Jan Kunstyr

Sherrards—Jan Kunstyr

Legal director bolsters international expertise in dispute resolution team

Muckle LLP—Stacey Brown

Muckle LLP—Stacey Brown

Corporate governance and company law specialist joins the team

NEWS
Read All
Legal notice: Notice under the Trustee Act 1925

NOTICE UNDER THE TRUSTEE ACT 1925

HERBERT SMITH STAFF PENSION SCHEME (THE “SCHEME”)

NOTICE TO CREDITORS AND BENEFICIARIES UNDER SECTION 27 OF THE TRUSTEE ACT 1925
Emergency lawyers on call as international regulatory actions soar
Law firm HFW is offering clients lawyers on call for dawn raids, sanctions issues and other regulatory emergencies
NLJ this week: Employment law’s fine margins
From gender-critical speech to notice periods and incapability dismissals, employment law continues to turn on fine distinctions. In his latest employment law brief for NLJ, Ian Smith of Norwich Law School reviews a cluster of recent decisions, led by Bailey v Stonewall, where the Court of Appeal clarified the limits of third-party liability under the Equality Act
NLJ this week: Promises broken on non-molestation orders?
Non-molestation orders are meant to be the frontline defence against domestic abuse, yet their enforcement often falls short. Writing in NLJ this week, Jeni Kavanagh, Jessica Mortimer and Oliver Kavanagh analyse why the criminalisation of breach has failed to deliver consistent protection
NLJ this week: Assisted dying under the legal microscope
Assisted dying remains one of the most fraught fault lines in English law, where compassion and criminal liability sit uncomfortably close. Writing in NLJ this week, Julie Gowland and Barny Croft of Birketts examine how acts motivated by care—booking travel, completing paperwork, or offering emotional support—can still fall within the wide reach of the Suicide Act 1961
Copyright © 2026 LexisNexis
back-to-top-scroll