Regulators will need to ‘challenge themselves’ on growth objective, minister tells Lords
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Regulators will need to ‘challenge themselves’ on growth objective, minister tells Lords

Marcel Le Gouais
31 March 2022
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Photo: Alamy

Regulators will need to “challenge themselves” and be “held directly accountable” over a new statutory objective to focus on the London and wider financial services market’s competitiveness, according to economic secretary to the Treasury John Glen.

Appearing this morning at the final evidence session for the House of Lords inquiry into London market regulation, the minister told the Industry and Regulatory Committee that implementing a secondary objective for regulators to consider the UK financial services...

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Marcel Le Gouais
Deputy Editor
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