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UK government pledges ‘effective policy input’ for financial regulators as new Prime Minister takes seat

By Fiona Maxwell ( September 6, 2022, 23:01 GMT | Insight) -- New requirements placed on financial regulators, including the ability for the finance ministry to require them to review their rules, are appropriate given the new responsibilities they are taking on, the government told a cross-party committee of lawmakers. The Treasury Committee had urged the government not to weaken the independence of financial regulators, nor water down regulatory standards post-Brexit.Extra responsibilities for financial regulators post-Brexit must be balanced with more government input and oversight, the UK government said today in response to calls from lawmakers to keep watchdogs independent....

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