The FSM bill, which had its second reading in the House of Lords in January, would give the PRA the new secondary objective of facilitating U.K. international economic growth. To this end, Saporta said, “PRA rule making can deliver three things: harness the UK’s strengths as a global financial center, maintain trust in the UK as a place to do business and tailor regulations to UK circumstances.” She added:
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Source: Cryptocurrency - investing.com
