Financial services bill introduced- UK to increase sentence for market abuse in post-Brexit financial regulation

A new bill setting out the government’s plans for post-Brexit regulation was introduced in Parliament. The Financial Services Bill aims to improve regulatory standards, the Treasury said, ensuring the UK’s “world-leading financial services sector continues to thrive”. The Bill includes measures to enable the implementation of the remaining Basel III standards, “more proportionate” regulation of investment firms and new powers for the Financial Conduct Authority to oversee the transition from LIBOR.

Source: CityAM
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