Ministers Plan Overhaul of Capital Market Rules to Boost City
By Daniel Thomas, Philip Stafford, and George Parker
March 11, 2021, Financial Times
The Treasury is drawing up plans to overhaul rules that have tightly governed London’s capital markets, looking to counter fears that the City is losing its place as a global financial center after Brexit.
The proposals are expected to largely target MiFID II, the EU’s main financial services legislation, that set tough and often prescriptive rules to improve markets after the 2008 crisis, according to two people with knowledge of the plans.
full article
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