BOE Official Warns Against Deregulation After Brexit
Law360, London (September 3, 2019, 8:50 PM BST) -- A senior Bank of England regulator warned the U.K. government against softening regulation of financial services after Britain leaves the European Union, citing the risks of returning to precrisis oversight.
The Monday comments from Alex Brazier, executive director for financial stability, strategy and risk at the Bank of England, come as members of Parliament prepare for a showdown over Brexit.
Brazier said the U.K.’s exit from the EU, scheduled for Oct. 31, should not be used as an opportunity to roll back financial reforms introduced in the wake of the 2008 financial crash.
“When it comes to the resilience of the core financial...
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