Avoid hasty reforms to Britain’s finance sector after Brexit, report recommends

The Bank of England in the City of London, UK, June 15 2022. Picture: HOLLIE ADAMS/BLOOMBERG

The outlook for the “resilient” financial sector “seems relatively positive”, given that far fewer finance jobs than anticipated have moved to the EU, the House of Lords European affairs committee said in its report. A separate parliamentary report last week declined to endorse the objective, saying it risked weakening standards.

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