Economic news

BoE’s Bailey opposes Treasury plan to overrule financial regulators

2022.07.02 15:21

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BoE's Bailey opposes Treasury plan to overrule financial regulators

Andrew Bailey, the governor of the Bank of England, opposes plans drawn up by Britain’s Treasury to overrule financial regulators, Sky News reported on Saturday.

Bailey has expressed disquiet about a so-called ‘call-in power’ which will be included in the Financial Services and Markets Bill, which is due to be introduced this year, the report said.

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