UK sets out 30 measures to reform its finance sector

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Canada News News

Measures are aimed at repealing EU rules, unlocking investment and maintaining the City of London as one of the most competitive financial hubs in the world

UK finance minister Jeremy Hunt will formally set out plans to reform the UK financial sector at a meeting with officials in Edinburgh. File Picture: REUTERS/HENRY NICHOLLS

Leaving the EU allows Britain to write its own rules, but as it hosts scores of international banks, it has little room to diverge radically from international norms. But the emphasis has shifted to reviewing and tweaking rules while remaining aligned with global standards, rather than any wholesale dismantling of regulations.

“It is important for people not to overplay this — there is no sense of any move back to a pre-financial crisis world,” said Jonathan Herbst, a lawyer at Norton Rose Fulbright.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Joburg city finance employees evicted from office after 'rent not paid'City of Johannesburg group finance employees were evicted from their offices on Wednesday afternoon due to the city's alleged failure to pay rent. Haai khona madoda,haai khona!Pay up! Gotta love the irony 🤣🤣🤣🤣 Is this what they call the DA difference?
Source: TimesLIVE - 🏆 28. / 59 Read more »