UK:
Dawn Of A New Era For The City?
13 December 2022
Marks & Clerk
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The banking sector and financial institutions are waiting with
bated breath regarding potential news of de-regulation in the City.
Is this a return to pre-2008 de-regulation, described by critics as
a race to the bottom of regulation, or is it the liberation of
reforms to kick-start the city post-Brexit? We can only wait and
see!
The government is set to announce what it describes as one of
the biggest overhauls of financial regulation for more than three
decades. It is expected to loosen rules on banks introduced after
the financial crisis in 2008 when some banks faced collapse. The
changes will be presented as an example of post-Brexit freedom to
tailor regulation specifically to the needs and strengths of the UK
economy.
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