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UK financial regulators must remain independent from government, lawmakers say

By Fiona Maxwell ( July 5, 2021, 23:01 GMT | Insight) -- UK financial watchdogs shouldn't be required to share policy proposals with the government before they're published for public consultation to maintain regulatory independence, a group of influential lawmakers said in a report today that warns against changes in the law. The finance ministry should also avoid overburdening the BOE, FCA and other regulatory bodies with too many objectives and principles to follow when writing regulation, the Treasury Committee said.UK financial watchdogs shouldn't be required to share policy proposals with the government before they're published for public feedback, a group of influential lawmakers said in a report today. ...

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