By Martin Croucher (March 2, 2022, 6:08 PM GMT) -- The government will ensure that regulators will still prioritize financial stability over a new requirement to consider international competitiveness and growth, the City minister told MPs on Wednesday, as the U.K. charts a post-Brexit course for financial services.<\/p>\n
John Glen told the Treasury Select Committee that the government did not intend to \"neuter\" the powers of U.K. financial watchdogs by making them consider the wider effect on the market of regulatory action.<\/p>\n
The government is considering whether to introduce a requirement for watchdogs to consider how globally competitive Britain's financial sector is when it drafts new regulation. The proposed new guiding...<\/p>\n
In the legal profession, information is the key to success. You have to know whats happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.<\/p>\n
TRY LAW360 FREE FOR SEVEN DAYS<\/p>\n
<\/p>\n
Read the rest here: <\/p>\n
Gov't Says Stability Will Still Trump Growth In Brexit Shakeup - Law360<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" By Martin Croucher (March 2, 2022, 6:08 PM GMT) -- The government will ensure that regulators will still prioritize financial stability over a new requirement to consider international competitiveness and growth, the City minister told MPs on Wednesday, as the U.K. charts a post-Brexit course for financial services. John Glen told the Treasury Select Committee that the government did not intend to \"neuter\" the powers of U.K Continue reading