Tory MPs call for more scrutiny of 'unchecked' regulators
The Regulatory Reform Group of Tory backbenchers said regulators wielded huge power, but faced little scrutiny from Parliament.
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The Regulatory Reform Group of Tory backbenchers said regulators wielded huge power, but faced little scrutiny from Parliament.
In the 1980s there were more than 20,000 high street banks across Britain, but since then around 15,000 have closed for the final time, leaving many communities without a bank.
<p>Good afternoon and thank you Lee for that introduction.</p> <p>It’s good to be here today to discuss this vitally important topic – and thank you Lord Mayor for everything you have done in a short number of months.</p>
The central bank governor also said regulators can't rule out central bank digital currencies as the U.K. explores a digital pound.
After three US banks collapsed in a week, the global financial system is facing a new set of systemic risks.