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In order to inform policy making, the government reviews and notes the wider evidence on the economic and fiscal impacts of immigration on an ongoing basis. This evidence base includes the wider academic literature, and a range of reports commissioned or produced by the government looking at specific impacts, for example those produced by the independent Migration Advisory Committee. In addition, policies that influence migration are assessed using the government's impact assessment process which models the economic impact of the policy change using assumptions based on a range of evidence and the academic literature. Home Office Impact Assessments are published on gov.uk.<\/p>
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Responsibility for information technology infrastructure in the UK finance sector is primarily for the firms themselves. The Financial Authorities have a role to play in supporting, coordinating and driving change to improve the operational resilience of the sector.<\/strong> <\/strong><\/p> <\/p> <\/strong><\/p> <\/p> In addition to on-going supervisory oversight of technology risk within firms by the Authorities, the Financial Conduct Authority (FCA) and Prudential Regulatory Authority (PRA) jointly launched, in October 2014, a review of firms\u2019 critical infrastructure and technology resilience. The review <\/strong>focuses on the most significant UK retail deposit-taking organisations and is expected to conclude in mid-2015.<\/strong> <\/strong><\/p> <\/p> <\/strong><\/p> <\/p> <\/strong><\/p> <\/p> <\/strong><\/p> <\/p>"}
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], "questionText" : "To ask Her Majesty\u2019s Government what representations they are making to the financial services industry to ensure that the information technology infrastructure is fit for purpose.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
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], "answer" : {"_about" : "http://data.parliament.uk/resources/164235/answer", "answerText" : {"_value" : " The rules governing short selling are set out in the Short Selling Regulation (SSR) - a directly applicable EU regulation which entered into force on 1 November 2012. Article 45 of the Regulation requires the European Commission to carry out a review of the Regulation. <\/strong><\/p> <\/p> <\/strong><\/p> <\/p> The European Commission published a report in December 2013 setting out its findings. That review concluded that \u201c\u2026it is too early, based on available evidence, to draw firm conclusions on the operation of the SSR framework which would warrant a revision of the legislation at this stage\u201d. The report concludes that a further review could be carried out based on more empirical evidence by 2016.<\/strong><\/p> <\/p> <\/strong><\/p> <\/p>"}
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A preparatory process for launching negotiations on a Deep and Comprehensive Free Trade Area (DCFTA) is on-going.<\/strong><\/p>