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UK to relax post-2008 rules that hold City bosses accountable for wrongdoing
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The Guardian
UK to relax post-2008 rules that hold City bosses accountable for wrongdoing
Regulators say removing ‘unnecessary burdens’ will save businesses about £2bn over 10 years
The UK is watering down rules introduced in the aftermath of the financial crisis that were designed to hold City bosses accountable for wrongdoing.
The plans, put forward by the financial industry’s two top regulators, the Bank of England and the Financial Conduct Authority (FCA), include a reduction in reporting for “lower-l…
22 Oct, 20:00
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