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UK finance ministry resists regulator's calls to define risk tolerance

By Sofia Gerace ( March 17, 2026, 13:30 GMT | Insight) -- The UK finance ministry has again signalled it won’t set explicit metrics for tolerable failure, despite repeated calls from the Financial Conduct Authority for political guidance on acceptable risk. A senior finance ministry official told parliament on Tuesday that minister Rachel Reeves has already set out her expectations on how regulators should support economic growth.  The UK finance ministry has again signalled it won’t set explicit metrics for tolerable failure, despite repeated calls from the Financial Conduct Authority for political guidance on acceptable risk....

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