'Targeted' Approach To Finance Rules For New MPs' Group

By Alex Davidson (June 23, 2022, 12:02 AM BST) -- A group of senior MPs said Thursday that it is launching a subcommittee to scrutinize and possibly intervene on proposed financial services regulation more nimbly than before Brexit.

The Subcommittee on Financial Services Regulations, made up of all members of the Commons Treasury Committee, will focus on texts covering regulation that will become law.

"Our approach will be targeted and flexible, with the new subcommittee devoted to the scrutiny of financial regulations and underpinned by a new and well-resourced unit of experts and specialists," Mel Stride MP, the chair of the Treasury Committee, said. The Conservative MP will also head the new subcommittee....

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