Andrew Tyrie - Treasury

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Last quote by Andrew Tyrie

It has been an exhilarating 20 years. I have done what I can to make a contribution, particularly in efforts to improve banking standards and to shape a more trusted and resilient financial sector after the crisis of 2008. I have also sought to play a part in reviving parliament's relevance, not least by making the case for select committee chairmen to be elected by their fellow MPs. Stronger committees now demand better explanations for the decisions made by ministers, regulators, and quangos than hitherto.feedback
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Apr 25 2017
Andrew Tyrie has been quoted 27 times. The one recent article where Andrew Tyrie has been quoted is Andrew Tyrie to stand down as Conservative MP after 20 years. Most recently, Andrew Tyrie was quoted as having said, “I remain deeply committed to public service. I am determined, and hopefully young enough, to contribute in other ways in the years ahead.”.
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Andrew Tyrie quotes

Jan 31 2017

To protect shareholders' interests, firms will jump off quite soon… and they can only do that by moving into the (remaining) EU countries before 2019.feedback

Dec 18 2016 - GCHQ

Legacy systems, human error and deliberate attack have resulted in unacceptable interruptions to vital banking services and weakened the public's confidence in the banking system as a whole.feedback

Dec 12 2016

Many firms are understandably concerned that in April 2019, the Government's current timetable for leaving the EU, they will be faced with a sudden change in their operating environment.feedback

Dec 12 2016 - British economy

This action could include some cancellation of investment and/or relocation out of the UK, to the detriment of the British economy, and important parts of the financial services industry.feedback

Nov 03 2016

Additional work on excessive overdraft charges is certainly welcome, but it probably won't be enough unless the consumer is offered meaningful choice in a competitive market.feedback

Sep 20 2016

Efforts to secure an appropriate arrangement for UK-based firms will be one of the most challenging aspects of the negotiations about the UK's future relationship with the EU.feedback

Sep 20 2016 - Single market

These figures give us an initial idea of the effects of losing full access to the single market in financial services. The business put at risk could be significant.feedback

Jul 25 2016

A separate body would bolster the perception of the enforcement function's independence, and provide the regulators with greater clarity over their objectives. The case for separation merits serious re-examination. The Treasury should appoint an independent person to undertake a review.feedback

Apr 19 2016

Parliament will now be better placed to safeguard the FCA from interference – or the perception of interference – by the Treasury or Treasury ministers.feedback

Feb 26 2016

The time has come to entrench the independence of the post of chief executive of the FCA. On behalf of the Treasury Committee, I have tabled an amendment to the Bank of England and Financial Services Bill to give this effect.feedback

Jan 28 2016

Overdue doesn't capture it. It is eight years since the collapse of HBOS in 2008. It has taken a heap of pressure from parliament to secure appropriate action from the regulators. The lion's share of the investigatory work should already have been undertaken in the preparation of the regulators' report in to the failure of the bank.feedback

Jan 24 2016

Every few months we have yet another IT failure at a major bank. These IT blunders and weaknesses are exposing millions of people to uncertainty, disruption and sometimes distress. Businesses suffer, too. We can't carry on like this.feedback

Jan 24 2016

Someone, probably Bailey, the head of the BoE's Prudential Regulation Authority supervisory arm, needed to take "a leadership role" over an issue that poses systemic risk to the banking system. Currently, no one group seems to be directly responsible for developing a full understanding of the risks carried.feedback

May 01 2015 - HSBC Bank

The frequency of these failures across the financial services sector suggests a systemic weakness in IT infrastructure. This is concerning. I will be asking the Chief Executive of HSBC, and the regulators, for an explanation of these failures, and action taken to sort them out. They just keep coming.feedback

Mar 11 2013

There remains much more work to be done to improve the bill.feedback

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