NEWS: UK regulators breath sigh of relief as government stands down ‘call in’ powers

news:-uk-regulators-breath-sigh-of-relief-as-government-stands-down-‘call-in’-powers


By Alisha Houlihan for AMLi

The UK government has dramatically withdrawn plans to allow MPs to “call in” City regulators, as part of its Big Bang 2.0 post-Brexit blueprint.

The decision has marked a victory for both the Bank of England (BoE) and the Financial Conduct Authority (FCA), which had previously warned against introducing call-in powers.

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The post NEWS: UK regulators breath sigh of relief as government stands down ‘call in’ powers appeared first on AML Intelligence.

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