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Financial services executives have grown increasingly impatient since Brexit with what they perceive as an overly cautious and slow-moving stance by regulators.
As the tug of war around financial regulation post-Brexit goes on, those in the City calling for looser regulation to maintain London’s global competitiveness have found their match in the UK Treasury. However, some experts have warned that the so-called ‘Big Bang 2.0’ could have far-reaching implications for the industry.
Former chancellor Rishi Sunak first introduced the future regulatory framework (FRF) review for new post-Brexit financial services regulations in July 2021. One year later, the financial services b...
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