FCA chief Andrew Bailey calls for global regulatory standards

In a speech at the Economic Council Financial Markets Policy Conference in Berlin, where he was speaking in a personal capacity, the Financial Conduct Authority chief executive said he would like to see market access based on "common recognition of higher-level global standards, which are transparent and subject to regular review". Bailey (pictured) suggested these global standards could oversee international standard while leaving national or regional regulators overseeing standards specific to local markets. He said: "While we have done a great deal to develop regulatory standards i...