Bank of England deputy governor warns against curbing financial regulations post-Brexit

Light touch financial regulation after the U.K. leaves the European Union will not help the British financial sector, according to a deputy governor at the Bank of England. Speaking to CNBC’s Joumanna Bercetche at the Innovate Finance Global Summit in London, Deputy Governor for Markets and Banking Dave Ramsden indicated that adopting light touch regulation to gain a competitive advantage for the U.K. financial sector after Brexit was not on the agenda. Ramsden said it was important that the Ban


Light touch financial regulation after the U.K. leaves the European Union will not help the British financial sector, according to a deputy governor at the Bank of England. Speaking to CNBC’s Joumanna Bercetche at the Innovate Finance Global Summit in London, Deputy Governor for Markets and Banking Dave Ramsden indicated that adopting light touch regulation to gain a competitive advantage for the U.K. financial sector after Brexit was not on the agenda. Ramsden said it was important that the Ban
Bank of England deputy governor warns against curbing financial regulations post-Brexit Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: elliot smith
Keywords: news, cnbc, companies, deputy, union, warns, governor, sector, financial, light, england, postbrexit, uk, regulations, bank, regulation, curbing, touch


Bank of England deputy governor warns against curbing financial regulations post-Brexit

Light touch financial regulation after the U.K. leaves the European Union will not help the British financial sector, according to a deputy governor at the Bank of England.

Speaking to CNBC’s Joumanna Bercetche at the Innovate Finance Global Summit in London, Deputy Governor for Markets and Banking Dave Ramsden indicated that adopting light touch regulation to gain a competitive advantage for the U.K. financial sector after Brexit was not on the agenda.

Ramsden said it was important that the Bank of England retained focus in its core mission of ensuring the soundness of individual banks and the overall financial system, especially 11 years on from the start of the financial crisis.


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: elliot smith
Keywords: news, cnbc, companies, deputy, union, warns, governor, sector, financial, light, england, postbrexit, uk, regulations, bank, regulation, curbing, touch


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Leave a Reply

Your email address will not be published. Required fields are marked *