UK wants to give financial watchdogs more powers post-Brexit

Pedro Gonçalves
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UK wants to give financial watchdogs more powers post-Brexit

The UK government is planning changes to "take back control" of UK financial services regulation after Brexit. Currently, the government and Treasury consider and legislate regulations which the EU, FCA and Prudential Regulation Authority (PRA) propose.  But in a new consultation paper, the Treasury has proposed changes to the Financial Services and Markets Act (FSMA) which would mean the government would set ‘core elements of the regulatory approach' as well as the ‘specific purpose of...

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