The Financial Services Bill is being "rushed" through Parliament without proper consideration being given to proposed changes, Andrew Tyrie has said.
The chairman of the Treasury Select Committee made the comments as amendments to the Bill, which will bring in legislation governing the two bodies set to replace the Financial Services Authority (FSA), were debated in the House of Commons. Tyrie said: "This is rushed. The House of Lords completed its consideration of the Bill only last Wednesday. Big changes have been made. "In areas where amendments have been tabled - such as requiring the Bank of England to commission retrospective reviews of its own performance and to publish records of court meetings - the Financial Services Bil...
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