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Government confirms mulling powers to overrule regulators
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fnlondon.comChancellor Nadhim Zahawi confirmed that the government is considering call-in powers to intervene when it disagrees with financial regulator decisions.
Zahawi told the Mansion House dinner of elite financiers that "the most significant piece of financial services legislation for over a decade" would be introduced on 20 July — a wide-ranging Financial Services and Markets Bill that will "increase regulators' accountability" as the government looks to axe vast swathes of former EU rules for the City.
The...
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