Britain sets out 'vision' for financial services

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Britain sets out 'vision' for financial services
July 1, 2021, 7:57 am

Britain sets out 'vision' for financial services

Britain's Chancellor of the Exchequer Rishi Sunak

According to Reuters, Britain's finance minister on Thursday set out his "vision" for financial services, saying Brexit is a "unique opportunity" to tailor rules while maintaining high regulatory standards.

Rishi Sunak set out potential reforms to wholesale markets and insurance capital rules, and said Britain will deliver a groundbreaking "mutual access" deal with Switzerland in cross-border financial services.

Reuters reported Sunak as saying "this new chapter for financial services sets out the government's plan to achieve that vision."

Source: Reuters

Image source: Reuters

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