The UK competitiveness mandate: London market implications
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The UK competitiveness mandate: London market implications

Marcel Le Gouais
16 November 2021
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After the London market’s key protagonists spent several years lobbying Whitehall officials and ministers, the Treasury has finally given the answer they’d long hoped for. It intends to set for the regulators a statutory objective for competitiveness, but what can this new proposal actually deliver for the London market?

Naturally, such a significantly altered remit for both the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) will fuel hopes that a more proportionate regulatory regime will materialise for insurers, banks and financial institutions.

Time,

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Topics

NewsRegulationLondon market
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Marcel Le Gouais
Deputy Editor
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