Treasury Sets Out Approach to Post-Brexit Financial Regulation

Industry News | 24/06/20

The Treasury has published a series of documents setting out the UK’s continued commitment to high regulatory standards for the financial services sector post-Brexit. The proposals include reforms to update the UK’s prudential requirements, maintain the soundness of UK capital markets and manage future risks. The government emphasised that new UK rules will reflect existing EU and international standards, but City Minister John Glen said that there will be “changes to some of the details”.