Regulators need performance metrics alongside growth duty: Lords letter to Treasury
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Regulators need performance metrics alongside growth duty: Lords letter to Treasury

Lord_Clive_Hollick_2022.png
Lord Hollick, chair of the Industry and Regulators Committee

A House of Lords committee has told the Treasury that financial regulators should be held accountable on a new growth duty with performance measures, to help make London a more attractive market for (re)insurance.

The chair of the Industry and Regulators Committee Lord Hollick made the recommendations to economic secretary to the Treasury John Glen following an extensive inquiry into the regulation of the London market, in which regulators were challenged by industry...

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