Brexit

Battle looms over post-Brexit rules as London’s financial crown hangs in the balance

UK Finance backs plans to shift balance of power between elected politicians and regulators, but others in the City are wary of a new framework for rule making

Battle looms over post-Brexit rules as London’s financial crown hangs in the balance
Photo: Getty Images

As the government weighs up responses to its landmark consultation on a new approach to rulemaking for UK watchdogs now freed from EU structures, rival camps are set for a fierce tussle.

The government's consultation, the Future Regulatory Framework Review, closed on 9 February. In the run up to its closure, academics, consumer rights campaigners, and a former FCA board member were among City figures to criticise the proposals.

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