The Financial Services and Markets Act 2023 (FSMA 2023) introduced additional cost benefit analysis (CBA) accountability requirements (building on pre-existing ones in FSBRA 2013) on the PSR. Among these is the publication of a statement of policy on our use of CBAs. Our statement of policy on our CBA framework builds on and replaces our previous draft statement which we published for consultation in September 2024.
The statement describes our approach to CBA which we consider to be part of our robust consideration of economic evidence and an important component of delivering outcomes-focused policy. CBAs are an important tool that can help us consider the likely impacts of our proposed interventions.
We would like to thank stakeholders who contributed to the consultation and wider development of our framework.
Supplementary Files
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CP24/12 stakeholder submissions
Stakeholder submissions to our consultation on our draft cost benefit analysis framework.
pdf | 639.7 KB
