UK Banking Regulation Shift Towards Economic Growth Advocated by Chancellor
Chancellor of the Exchequer Rachel Reeves calls for a pivotal shift in the UK's banking regulation approach to drive economic growth and financial prudence.
In her inaugural Mansion House speech in the City of London, Chancellor of the Exchequer Rachel Reeves advocates for a pivotal shift in the UK's banking regulation approach, emphasizing economic growth alongside financial prudence. Reeves aims to recalibrate financial watchdog priorities to foster an environment conducive to economic expansion, engaging with global financial leaders to attract increased foreign investment and reconstruct the nation's economic landscape. She highlights the financial services sector's vital role, plans to reassess the Senior Managers and Certification Regime, and emphasizes the need for pension reform to mobilize investments for growth.
