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UK finance industry asked to help define success of regulators’ competitiveness goal

By Fiona Maxwell ( May 9, 2023, 09:35 GMT | Insight) -- The financial services industry in the UK has been asked by the government to help it define metrics to measure how well regulators achieve their new competitiveness objective. The new secondary obligation for the PRA and FCA to show they are facilitating growth and competitiveness has been put in place, with the aim of improving their accountability as they gain more post-Brexit rule-writing powers.The financial services industry in the UK has been asked by the government to help it define metrics to measure how well regulators achieve their new competitiveness objective....

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