Finance wants competitiveness role for UK watchdogs after Brexit

📆 23-01-20 06:22:00
📰 ChannelNewsAsia

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Britain's regulators should have a formal role after Brexit to keep the financial sector globally competitive and less prone to 'gold-plating' ...

Britain's regulators should have a formal role after Brexit to keep the financial sector globally competitive and less prone to "gold-plating" international norms, an industry think tank said on Thursday.

The Financial Conduct Authority and the Bank of England are responsible for keeping markets and financial firms safe and stable. "This is not code for a race to the bottom," said Adams, also a former senior insurance regulator at the Bank of England.

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