Britain proposes global competitiveness objective for financial regulators By Reuters

© Reuters. FILE PHOTO: Skyscrapers in The City of London financial district are seen in London, Britain, September 14, 2020. REUTERS/Hannah McKay/File Photo

LONDON (Reuters) – Britain proposed on Tuesday to require financial regulators to safeguard the global competitiveness of the financial sector as a formal objective in their work after Brexit.

“The government intends to provide for a greater focus on growth and international competitiveness through the introduction of new secondary objectives for the Prudential (NYSE:) Regulation Authority and the Financial Conduct Authority,” the finance ministry said in proposals put out to public consultation.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

{n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)};
s.parentNode.insertBefore(t,s)}(window, document,’script’,
fbq(‘init’, ‘751110881643258’);
fbq(‘track’, ‘PageView’);

by : Reuters

Source link

Capital Media

Read Previous

Oil approaches $84 as lifting of U.S. travel ban boosts demand By Reuters

Read Next

Rate for : SINGAPORE