City blasts Treasury’s ‘dangerous’ efforts to control post-Brexit rules

  • Regulation

‘It could compromise the independence of the regulators’

Sunak is spearheading a move to bring regulation closer to policy making

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Politicians could soon be dictating how financial regulation is run in the UK as the government plans to lean on watchdogs in the wake of Brexit, regulatory experts say.

In a landmark set of proposals released on 9 November, chancellor Rishi Sunak called for a more “agile and dynamic approach” to regulation by freeing up the Financial Conduct Authority and the Prudential Regulation Authority to throw out former EU rules.



Donovan Larsen

Donovan is a columnist and associate editor at the Dark News. He has written on everything from the politics to diversity issues in the workplace.

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