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Early day motion tabled by primary sponsor Mark Lazarowicz (Labour and Co-operative Party), on Wednesday, 17 June 2009, in the House of Commons. It is signed by 122 members in total.


GOVERNANCE OF THE FINANCIAL SERVICES AUTHORITY

That this House notes with concern the dominance of people with a financial services industry background on the board of the Financial Services Authority (FSA); acknowledges the concerns of consumer organisations such as Which? that this limits the board's ability to challenge the application of regulation and supervision by the senior management of the FSA and to promote and represent the interests of ordinary consumers; highlights the importance in the current economic climate of ensuring that the right decisions are taken on issues relating to financial regulation including rewards and remuneration in the sector; and therefore urges the FSA to ensure that suitable consumer representation is reflected on the board as a matter of urgency.


Secondary information

Type
Early day motion
Reference
1700 
Session
2008-09
Other sponsors
Peter Bottomley
Kelvin Hopkins
Lynne Jones
Gordon Prentice
David Drew
Subjects
Financial institutions
Link
View this Early day motion on www.parliament.uk