Brexit May See UK Deregulate To Keep Banks, Report Says

Law360, London (January 30, 2017, 5:39 PM GMT) -- Regulatory rollbacks in cities like Paris and Frankfurt could lead to even more deregulation in Britain as the country competes to keep bankers in London amid the upheaval of Brexit, according to a report released Monday.

Management consultancy Opimas LLC foresees a regulatory rollback in London's rival cities, which could affect tax incentives, labor rules and special economic zones. That could force the U.K. to slash its own rulebook, a move which would be welcomed by financial institutions.

"It appears that the financial industry has now reached the zenith of regulation, and the pendulum is ready to swing in the other...

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