Today, the Chancellor of the Exchequer, Jeremy Hunt, announced a package of reforms to Financial Services regulation in the UK designed to encourage growth and enhance the UK’s competitive position as a global centre for the financial services industry.

Commenting on the announcement, Duncan Edwards, CEO of BAB said, “BAB members in the financial services sector will welcome this announcement by the Chancellor and applaud the ambition to review and remove unnecessary and outdated regulation.  This is an ambitious reform package which rightly includes a review not only of regulation inherited from the EU but also of the domestic regulatory framework for financial services business.  The objective should be to ensure that the UK remains the best place for international financial firms to do business.”

Read the British government’s announcement here.