Panel launched to review cost and benefits of FCA and PSR policy proposals

Some proposed policy changes from the FCA and Payment Systems Regulator will from 1 August come under the ambit of a newly-established and independent Cost Benefits Assessment Panelunder the chairmanship ofDr Felix Martin, co-founder of 1167 Capital.

By Neasa MacErlean

The creation of the nine-person committee fulfils a requirement of the Financial Services and Market Act 2023 that will bring about a third of the regulators' cost benefit assessments (CBAs) under this external scrutiny.