FCA chair Charles Randell has outlined the regulator's approach to a potential post-Brexit shake-up of its rules, criticising a "cycle of deregulation, crisis and regulation" that led to the financial meltdown of 2008.
Speaking at the Association of Financial Markets in Europe annual conference on 2 October 2018, Randell said the Financial Conduct Authority's (FCA's) programme of regulatory change following the UK's departure from the EU should be "phased and co-ordinated in a proportionate way". He explained that ten years on from the most recent global financial crisis it was important to ensure against mistakes made in the past. Lehmans 10 years on: 'It was a lesson in fighting fear and instinct' Randell said: "After each crisis, we bring in a weight of new regulation. "We push it up the hi...
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