UK Parliament ups scrutiny of post-Brexit financial rules with tough new unit 

Mark Battersby
clock • 3 min read

The UK Parliament's Treasury Select Committee of MPs has established a high powered unit for scrutiny of financial services regulations which may recommend scrapping rules to ensure the benefits of reform outweigh extra costs for industry. The UK inherited the European Union's financial rules when it exited, and is currently moving the details into handbooks written by the Bank of England's Prudential Regulation Authority and the Financial Conduct Authority. In the new report detailing its approach, the committee outlined that new forms of scrutiny will be required, given the number o...

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