UK government to hold fire on powers to overrule regulators
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UK government to hold fire on powers to overrule regulators

Houses Of Parliament in the morning

Plans for greater government oversight of UK regulators’ work have been delayed for now, according to chancellor Nadhim Zahawi, who delivered a speech at Mansion House yesterday on the imminent Financial Services and Markets Bill.

In his speech, Zahawi said financial regulators – in the bill set to be brought before Parliament today – would be responsible for promoting the global competitiveness of Britain’s financial sector.

He

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