Today it was reported that the Financial Reporting Council (FRC), the agency that is primarily concerned with setting governance standards within the financial sector, is seeking to readdress and expand its role within the regulatory framework . In this post, the focus will be on the FRC’s suggested approach, and will conclude with a small suggestion as to how the effectiveness of the FRC may be increased. Interestingly, the release of the news of the FRC’s attempt to do more comes right on the heels of a story that was covered by the Financial Regulation Matters blog – the proposals put forward by Frank Field and the Work and Pensions committee, proposals that would alter corporate governance in the U.K. if they were to be implemented (reported here ). There seems to be two narratives at play recently, both of which revolve around one crucial period in time – how the U.K. Government responds when it actually leaves the E.U. The first narrative, as discussed in a previous post , is ...