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MPs warn UK’s post-Brexit overhaul to regulation could hit financial stability
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MPs have warned of the potential risks to financial stability if the government presses ahead with a planned overhaul to post-Brexit regulation.
In a rallying call to retain regulatory standards, the Treasury Committee urged the government to backtrack on plans to give watchdogs such as the Financial Conduct Authority and Prudential Regulation Authority a remit to boost the City's international competitiveness, arguing they should concentrate on long-term economic growth instead.
They...
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