Treasury MP Barclay: 'No appetite' for regulatory 'race to bottom' post-Brexit

Giving evidence to the EU Financial Affairs Sub-Committee meeting on Tuesday, Barclay said that once an agreement is reached between the UK and EU, the government is looking to achieve a "cut and paste of the status quo" following the withdrawal with regards to current regulatory standards. But after this withdrawal period, he said he saw "no push from the industry for deregulation" and there is "no appetite" in the City for a regulatory "race to the bottom". However, Barclay said that while deregulation was not on the agenda, that "does not mean we cannot be agile, we cannot be evide...