What we are doing
Our role is to represent the interests of consumers in the development of policy for the regulation of financial services. Here we set out some of the current issues that the Panel is pursuing and what we’re doing about them.
Current issues
The future shape of financial regulation
We are looking to ensure that the needs of consumers remain at the heart of any changes that are made to the regulatory system at the FSA.
More on the future shape of financial regulation
EU regulatory and legislative issues
In 2006 around seventy percent of changes to the FSA Handbook resulted from new EU requirements. The Consumer Panel's EU strategy aims to influence the development of EU financial services policymaking for the benefit of consumers.
More on European regulatory and legislative issues
The future regulation of consumer credit
The split in regulation between credit and other areas of financial services is confusing and illogical to consumers. The Panel is exploring ways to integrate the regulation of consumer credit into the new FSA (Financial Conduct Authority) FCA regime.
More on the future regulation of consumer credit
Consumer Panel work on the Mortgage Market Review
Given our concerns about the progress and adequacy of the FSA's Mortgage Market Review (MMR), we have urged the FSA to take more time to ensure its proposals deliver the intended consumer benefits.
More on the Mortgage Market Review
Retail Distribution Review
We continue to engage in debate on the FSA’s Retail Distribution Review - currently looking at the way financial advice on investments is regulated – to work towards the best results for consumers
Terms of reference
Beyond our statutory remit in the Financial Services and Markets Act 2000, we have formal terms of reference agreed with the FSA which set out our role and responsibility
How we advise the FSA
Panel members meet with FSA staff to regularly question their policy developments, as well as representing the FSCP at appropriate events
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The things you're asking for:
- Press releases
- Biographies of Panel members
- Responses to consultations
- Annual report
- Speeches/Articles
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