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UK financial regulators' independence essential for nation's reputation, BOE governor says

By Fiona Maxwell ( July 11, 2022, 15:56 GMT | Insight) -- UK financial regulators need to maintain their independence to uphold the country's international standing, the Bank of England's governor told Parliament's Treasury Committee today. Lawmakers questioned Andrew Bailey on his views on the government's draft bill that will put into law the UK's post-Brexit financial regulatory architecture, after concerns that the finance ministry has been given too much power to overrule regulators.Financial regulators must remain independent to uphold the UK’s international reputation, Bank of England Governor Andrew Bailey told lawmakers today as a row continues to brew over whether the government can overrule regulators after Brexit....

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