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UK financial regulators at risk if government's proposed veto power lacks scrutiny, lawmakers warn

By Fiona Maxwell ( November 1, 2022, 17:07 GMT | Insight) -- Fears that the independence of the UK's financial regulators risks being undermined have prompted lawmakers to criticize the government over changes to its controversial plans for a legislative amendment allowing it to overrule them. A minister said the government needed more time to introduce an amendment to the post-Brexit financial services bill, but the committee of lawmakers scrutinizing the bill warned that this might see it avoid proper scrutiny.Fears that the independence of the UK's financial regulators risks being undermined have prompted lawmakers to criticize the government over changes to its controversial plans for a legislative amendment allowing it to overrule them....

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