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Regulators must be more accountable — and not just to government
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fnlondon.comThe independence of the UK’s financial regulators is widely seen as one of the attractions of London as a financial centre. So the government’s idea of allowing ministers to overrule regulatory decisions has made many commentators uneasy.
Among regulators, it triggered a fierce pushback led by the Bank of England’s governor Andrew Bailey that prompted the government to drop the proposal from the Financial Services and Markets Bill.
Chancellor...
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