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FCA has ‘great concern’ over UK government powers to overrule City regulators
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Senior Financial Conduct Authority staff have said they still have "great concern" that new powers for the government to overrule the watchdog will harm its independence.
Appearing in front of the influential Treasury committee of MPs, the market regulator's chief executive and chair raised a number of fears about a so-called call-in power that the government is looking to introduce, which would give politicians the right to make, amend or revoke regulatory decisions.
"I...
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