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City regulators' growth mandate 'pointless' without major reform
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City regulators' growth mandate 'pointless' without major reform
The “entrenched culture of risk aversion” at the City’s two flagship regulators has stymied meaningful progress on their mandates to aid economic growth, a House of Lords report has argued, despite persistent pressure from Westminster for them to boost UK competitiveness. In a withering assessment of the efforts made by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) to meet their new objectives, a Lords committee…
·London, United Kingdom
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