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Written question asked by Joan Walley (Labour) on Wednesday, 18 March 2015, in the House of Commons. It was due for an answer on Friday, 20 March 2015. It was answered by David Gauke (Conservative) on Thursday, 26 March 2015 on behalf of the Treasury.


Financial Markets

Question

To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 9 March 2015 to Question 225717, if he will request that the Prudential Regulation Authority and the Financial Conduct Authority report on their performance in relation to sustainable growth in their annual reports.

Answer

The Financial Services and Markets Act 2000 requires the Prudential Regulation Authority and Financial Conduct Authority to include consideration of the principles of good regulation in their annual report.

These statutory principles of good regulation include “the desirability of sustainable growth in the economy of the United Kingdom in the medium or long term”.


Secondary information

Type
Written question
Reference
228181
Session
2014-15
Related items
Financial Markets
Monday, 9 March 2015
Written questions
House of Commons
Subjects
Financial markets
Link
View this Written question on www.parliament.uk