Financial Services Regulation Committee

LordsSelectest. 24 Jan 2024Email ↗● Actively Monitored
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Sessions analysed35
Commitments33
Positions147
Recommendations104

Latest Signals

22 Jul 2026Insurers want regulatory prioritisation, not more layeringAviva’s UK and Ireland general insurance businessConcern
“[Speaker: Jason Storah] One of the issues and parts of dialogue over recent months in the last year or so is the significant volume of regulatory work on companies. If the Government and companies were aligned around wanting to reduce the level of regulation overall, that is challenging when you have principles-based regulation with outcomes-based regulation and things get layered on top of each other.”
22 Jul 2026Claims trends are improving, but not to motor levelsAdmiralPosition
22 Jul 2026Storm definitions rely on industry standards with toleranceAdmiralLegislative
22 Jul 2026Claims declines largely driven by misunderstanding and wear and tearAviva’s UK and Ireland general insurance businessConcern
22 Jul 2026AI must not reduce human access or customer choiceAdmiralConcern
22 Jul 2026Consumer Duty is embedded but still improving outcomesAdmiralPosition
22 Jul 2026Price comparison websites need apples-to-apples dataAviva’s UK and Ireland general insurance businessPosition
22 Jul 2026Insurers are using AI cautiously with human oversightNFU MutualPosition

Recent Sessions

View all (35)
22 Jul 2026Consumer insurance: claims, duty and AI
5 pos3 concern1 rec2 leg
15 Jul 2026Consumer insurance: FCA, claims data and AI
1 commit3 pos5 concern4 rec1 disag1 leg
24 Jun 2026Consumer insurance: claims, brokers and comparison sites
1 commit2 pos3 concern5 rec1 disag1 leg
17 Jun 2026Consumer insurance: claims, comparison sites and FCA duty
2 pos5 concern3 rec1 disag2 leg
10 Jun 2026Consumer insurance: claims, transparency and duty
5 pos11 concern7 rec1 leg
15 Apr 2026Stablecoins: Treasury and FCA policy line
2 commit4 pos6 concern2 rec2 leg

Recent Commitments

View all (33)

Recent Recommendations

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Frequent Witnesses

HM Treasury4× · 47 insights
Bank of England4× · 40 insights
Financial Conduct Authority3× · 30 insights
Which?2× · 16 insights
University of Oxford / Clifford Chance2× · 13 insights
UK Finance2× · 11 insights

About this committee

Scrutinising financial services regulation falls within the remit of this Lords select committee, which examines policy, practice, and legislation affecting the regulation of the financial sector. The committee operates in the House of Lords and conducts oral evidence sessions with witnesses from industry, regulators, and expert commentators. Recent inquiries have focused intensively on the emerging UK stablecoins regime, reflecting the rapid development of digital asset markets and associated regulatory gaps. The committee has heard testimony from major fintech firms including Revolut and Circle, alongside payments incumbents such as Mastercard, to understand commercial implementation timelines and competitive implications. Evidence sessions with the Bank of England and blockchain analytics firm Chainalysis have examined the central bank's approach to stablecoins oversight and the technical compliance challenges firms face. The committee's sustained focus on the pace and design of UK stablecoins regulation demonstrates an assessment that this area merits ongoing parliamentary scrutiny as the Treasury and Financial Conduct Authority develop the framework.