Rachel Reeves has laid out the “most wide-ranging package of reforms to financial services” in over a decade in her second Mansion House speech on Tuesday (15 July) since becoming chancellor a year ago.
While she noted the increased economic stability over the last 12 months, bringing four Bank of England rate cuts as well as trade deals and agreements with the US, EU and India, the chancellor also laid the ground for several regulatory changes in financial services. As the FTSE 100 hit 9,000 points for the first time ever on Tuesday, Reeves revealed the index will soon include shares listed in both US dollars and euros, following last year's changes to the Listings Regime. Ahead of the chancellor's speech, the Financial Conduct Authority had already set out a plethora of changes in ...
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