Britain's markets watchdog will review its rules as the country readies to ...
LONDON - Britain’s markets watchdog will review its rules as the country readies to leave the European Union, the source of its financial regulation for decades.
“Post-Brexit, we need to consider the future of regulation to ensure the regulatory landscape is fit for the challenge it faces,” the Financial Conduct Authority said in its new annual business plan published on Wednesday. “In order to ensure we are a regulator that continues to serve the public interest, we need to adapt to the ever-changing environment,” Bailey said.Backers of Brexit say that leaving the EU gives Britain an opportunity to ease what they see as burdensome rules from the bloc, to maintain London as a competitive global financial center.
Britain’s finance ministry and parliament’s Treasury Select Committee have already announced plans to review financial regulation.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hunt tells Japan's PM Britain determined to avoid no-deal BrexitBritish foreign minister Jeremy Hunt reassured Japanese Prime Minister Shinzo Ab...
Read more »
EU stands together to avoid no-deal Brexit, German minister saysThe latest European Union decision to grant Britain a further Brexit extension s...
Read more »
EU gives Britain a Brexit delay and warns: 'Do not waste this time'The European Union has forced Britain to accept a six-month delay to the intractable Brexit process, with an option to leave earlier if the UK Parliament can agree a deal, at a tense summit of divided European leaders in Brussels.
Read more »
Trump thinks it's 'too bad' the EU is being so tough on Britain over BrexitThe president previously suggested the British prime minister should sue the EU.
Read more »
Brexit: German minister says all options for Britain on the tableGermany's EU Affairs Minister Michael Roth said on Thursday all options are...
Read more »
European Union leaders offer Britain another Brexit extension, until HalloweenEuropean Council President Donald Tusk confirmed in a tweet that European Union leaders agreed to offer Britain another extension to its Brexit departure date.
Read more »
The Latest: EU, Britain agree to extend Brexit until Oct. 31BRUSSELS (AP) — The latest on Britain's exit from the European Union (all times local): 2:05 a.m. European Union leaders and Britain have agreed to allow Britain to extend Brexit until...
Read more »
Europe offers Britain a new deadline of Oct. 31 to sort out its Brexit messThe decision was the result of a high-stakes summit in Brussels that saw prime ministers and presidents gather from across the continent.
Read more »
Watch out parliament, Farage warns at launch of new Brexit PartyNigel Farage, one of the leaders of a campaign to leave the European Union, laun...
Read more »
EU's Juncker sure UK would honor good cooperation rules during Brexit lagEuropean Commission President Jean-Claude Juncker said he was certain Britain wo...
Read more »