UK financial sector to see competing regulatory review plans as opposition party eyes power
By Jakub Krupa ( December 8, 2023, 18:06 GMT | Insight) -- UK financial services companies will see the main opposition party put forward a specific review of the regulatory landscape as it steps up its preparation for power should it unseat the Conservative Party in elections next year. The Labour Party would likely significantly alter the regulatory approach, increasing pressure on the current government to deliver its wide-ranging plan of post-Brexit changes. A Labour spokesperson said the left-wing party’s relationship with the City of London has changed in recent years.UK financial services companies will see competing ideas for regulatory reform put forward by the government and the main opposition party as the Labour Party steps up its preparation for power should it win next year’s general election....
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