HM Treasury has issued a consultation on which metrics the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) should publish in relation to their new growth and competitiveness objectives.
The secondary objectives, which focus on facilitating the international competitiveness of the UK economy and its growth in the medium to long term, were introduced by the Financial Services and Markets (FSM) Bill, following the UK’s exit from the EU.
The consultation asks for views from stakeholders to help determine the additional metrics it is most appropriate for the FCA and PRA to publish.
HM Treasury said: “This call for proposals is intended to help determine what additional metrics it is most appropriate for the regulators to publish, in order to ensure that reporting on the new secondary objectives is sufficient to support scrutiny of the regulators’ work in embedding and advancing their new objectives.”
The consultation closes on 4 July.
