Economic news
UK markets watchdog says to review rules to cut costs, boost growth
2024.07.29 10:41
LONDON (Reuters) – Britain’s financial watchdog on Monday launched two reviews of financial market and product rules aimed at streamlining rules to cut costs and boost growth, now that a stringent new duty to put consumers first has had time to bed down.
“We now want to seize the opportunity of the Duty and the move to a clear outcomes-based approach to streamline our rulebook, lowering costs for businesses and supporting the competitiveness and growth of the economy,” Financial Conduct Authority Chief Executive Nikhil Rathi said in a statement.
