PRA (Prudential Regulatory Authority)

Financial secretary to the Treasury Mark Hoban has stressed the twin peaks regulatory regime will be accountable to Parliament.

The Financial Services Consumer Panel (FSCP) has told peers they should amend legislation to make it possible to publish warning notices against firms and individuals without consulting them.

The government has appointed John Griffith-Jones, the chairman of KPMG, as the non-executive chair designate of the Financial Conduct Authority (FCA).

Members of the Treasury Select Committee have published a special report into the government's "defective" banking reforms, according to reports.

Andrew Bailey, the man who will take over Hector Sants' duties next month, has been appointed to the Bank of England's interim Financial Policy Committee (FPC).

The notion of free banking is a "myth" that may ultimately encourage the mis-selling of financial products, Bank of England executive director Andrew Bailey has said.

Locating the Prudential Regulation Authority (PRA) close to the Bank of England will cost about £1m more a year than keeping it in Canary Wharf.

TWIN PEAKS

The pick of this week's articles on IFAonline...

A shadow minister has pulled back from an attempt to amend legislation to ensure Financial Services Compensation Scheme (FSCS) costs are minimised.