20-02-2018 18:43 via uk.news.yahoo.com

UK regulator warns lawmakers over post-Brexit market rules

Britain should not force its regulators into trade-offs between market stability and helping London remain a leading global financial centre after the country leaves the European Union, a top regulator said on Tuesday.Charles Randell, who becomes chair of the Financial Conduct Authority (FCA) in April, told lawmakers the watchdog's predecessor agency floundered after being forced to balance market soundness with maintaining competitiveness."We ended up with a system called lite-touch, and I am a
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