Just seven of Monitor's 337 staff have a background in medicine and only 21 have had experience working in the health service.
These are tough times for the NHS. The number of NHS foundation trusts in difficulty is growing, and this casts doubt on Monitor's effectiveness as their regulator.
Over a quarter of foundation trusts, 39 out of 147, were predicted to be in deficit at the end of 2013-14, evidence of the increasing financial challenges they are facing.
These trusts are suffering from serious financial pressures, poor leadership or both, and some have been allowed to go on struggling for more than four years.
The MPs made a string of recommendations for the regulator.
They said that it must take faster action in trusts where problems have been identified. Some with difficulties in leadership or finances have been allowed to struggle on for "too long", they added.
More top news
The 25-year-old was charged with 14 counts of wounding with intent to do grievous bodily harm and one count of throwing a corrosive fluid.
Winds will veer northerly overnight with colder air streaming in over the next few days.
Protesters angry that far-right leader Marine Le Pen is advancing the French presidential runoff are scuffling with police in Paris.