MPs warn govt against weakening financial regulation standards

Opportunities for simplification

clock • 2 min read
MPs said that there will be opportunities to seek regulatory simplification while being mindful of continued compliance with global standards.
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MPs said that there will be opportunities to seek regulatory simplification while being mindful of continued compliance with global standards.

The Treasury Committee has urged the government not to weaken the UK’s regulatory standards for the financial services sector, in a report published on Thursday, 16 June.

As regulators gain new powers following the UK's departure from the EU, the committee, made up of cross-party MPs, said the Treasury should respect regulatory independence and not pressure them to ...

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