David Worsfold.
The Financial Services & Markets Bill is the most important piece of financial sector legislation for years, but is the committee appointed to scrutinise it up to the job?
Just what is going on with the Financial Services and Markets Bill?After keeping everyone waiting for three months for the promised
pre-legislative scrutiny committee to see the light of day, it gets
confirmed and appointed in a flash, and is told it must review the entire
draft bill, take evidence, and report - all by 30 April.
Its 16-strong membership is not exactly brimming with knowledge and
experience of financial matters. Indeed, the government takes it so
seriously that it has not even
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