UK Watchdogs Won't Get Free Rein On Post-EU Regulations
By Najiyya Budaly (September 20, 2021, 1:03 PM BST) -- Britain's financial watchdogs will not be handed complete power to design and amend post-Brexit rules for the sector without parliamentary scrutiny, according to a letter from the government published Monday.
The government has said it will not move financial services rules that were repatriated when Britain left the EU's regulatory orbit into the rulebooks governed by the financial watchdogs. (AP Photo/Alberto Pezzali) John Glen, economic secretary to HM Treasury, said that the government will not move financial services rules that were repatriated when Britain left the European Union's regulatory orbit on Dec. 31 into the rulebooks governed by the Financial Conduct...
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