A private sector advisory council chaired by Tracy Blackwell, chief executive of Pension Insurance Corporation, will work in conjunction with the parliamentarians, according to a copy of the letter seen by Sky News.Among the other companies represented on the advisory council are NatWest Group, the taxpayer-backed lender, buyout giant CVC Capital Partners and London Stock Exchange Group.
Its establishment comes amid debate about the timing of what has been dubbed a post-Brexit bonfire of EU laws. It added that regulators were"as critical as government departments themselves [but]…are rarely subjected to similar levels of scrutiny". The new group said it was crucial that Britain succeeded in"growth areas" such as artificial intelligence, digital technologies and advanced manufacturing, which"often stray across multiple sectors and span multiple regulatory remits".
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