FCA to create statutory panel in response to parliamentary criticism of SDR

The regulator announced the launch of the new Cost Benefit Assessment panel (CBA) in its 2023/24 Business Plan, published today (5 April). The panel was part of a package of measures proposed by the government in the Financial Services and Markets Bill in July 2022, with today's launch following recent criticism from the Treasury Select Committee on the watchdog's predicted cost implications of the Sustainable Disclosure Requirements (SDR). In a letter to the FCA's chief executive Nikhil Rathi last month regarding the SDR, the Treasury Sub-Committee said a more detailed analysis of th...