Research and analysis

Impact assessment opinion: Amendment to the Financial Services (Banking Reform) Act - restricting charges for high-cost short-term credit

Evaluation of the HM Treasury impact assessment for Amendment to the Financial Services (Banking Reform) Act - restricting charges for high-cost short-term credit

• From: Regulatory Policy Committee
• Published: 30 December 2014

Documents

Impact assessment opinion: Amendment to the Financial Services (Banking Reform) Act - restricting charges for high-cost short-term credit

PDF, 307 KB, 5 pages

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Details

The Regulatory Policy Committee (RPC) gives independent advice to government on the quality of analysis supporting new regulations.

Following scrutiny of an impact assessment (IA) carried out prior to a regulatory proposal, the RPC provides an ‘opinion’ on the quality of analysis and evidence presented in the IA. This opinion then informs the decisions of ministers as to whether they proceed or not with the proposal.

Published 30 December 2014