FCA Promises No Regulatory 'Race To The Bottom' Post Brexit

Law360, London (October 2, 2018, 2:17 PM BST) -- The Financial Conduct Authority will resist any pressure to ease regulatory restraints on financial services to enhance the sector's global competitiveness after Britain leaves the European Union, a senior figure at the watchdog said Tuesday.

Britain must engage with EU and international regulatory bodies after Brexit so it can continue to influence global standards of financial regulation, the FCA chairman has said. (AP) FCA Chairman Charles Randell said Britain must instead step up its engagement with EU and international regulatory bodies after Brexit in 2019 so it can continue to influence global standards of financial regulation.

"The FCA does not see...

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