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UK reforms to financial-services rules will bring important economic boost, minister insists

By Sofia Gerace ( April 26, 2024, 12:53 GMT | Insight) -- The UK's emerging Edinburgh Reforms package of changes to financial services regulation can't work miracles for the UK economy but will make a "critical" difference, junior economy minister Bim Afolami has said. He was responding in detail to a report from Parliament's Treasury committee last December that assessed the progress and effectiveness of the reforms, which were unveiled in 2022 and included a focus on enhancing the financial services sector's global competitiveness.The UK's emerging Edinburgh Reforms package of changes to financial services regulation can't work miracles for the UK economy but will make a "critical" difference, junior economy minister Bim Afolami said today....

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