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Question of UK financial regulators' accountability 'ducked' by government, industry worries

By Fiona Maxwell ( February 8, 2022, 12:45 GMT | Insight) -- The UK finance ministry needs to go further in establishing accountability mechanisms and primary objectives for regulators, financial industry representatives said today. Currently the government has avoided the important question of how far lawmakers should have oversight of the Financial Conduct Authority and Bank of England's prudential supervisor.Debate around the extent to which UK financial regulators should be accountable to Parliament has been "ducked" by the government, financial industry representatives said today....

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