LONDON (Reuters) – Britain proposed on Tuesday to require financial regulators to safeguard the global competitiveness of the financial sector as a formal objective in their work after Brexit.
“The government intends to provide for a greater focus on growth and international competitiveness through the introduction of new secondary objectives for the Prudential (NYSE:PUK) Regulation Authority and the Financial Conduct Authority,” the finance ministry said in proposals put out to public consultation.
Source: Economy - investing.com
