Brexit

Regulators need City execs to help with Brexit burden, says lobby group

The International Regulatory Strategy Group called for ‘full consideration’ to be given to UK regulators’ resources

Nikhil Rathi, the FCA’s new chief executive
Nikhil Rathi, the FCA’s new chief executive Photo: Jason Alden/Getty Images

Financial services executives should be seconded to UK regulators to help with the “additional burden” of Brexit, a group of financial law specialists has said.

“We note the additional burden on regulators from their increased powers [arising from Brexit] and would recommend full consideration is given to their resources,” said a response from the International Regulatory Strategy Group to the Treasury’s consultation into the post-Brexit future for UK financial regulation.

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