UK Treasury aims to avoid Brexit regulation fight with Bank of England ...Qatar

Gulf Times - News

The UK government is seeking to avoid a clash with the Bank of England by playing down the threat of prospective new powers for it to intervene in regulators’ decisions, according to two people familiar with their conversations. The Treasury is likely to propose a rule that would allow ministers to block or change regulators’ plans in draft legislation to be published today. However, it may recommend a consultation about when the power could be used and how it would be enacted, the people said, asking not to be named discussing private consultations. Reports of a “call-in,” giving ministers the right to change regulatory policy, have triggered concern among senior figures including Bank of

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Last updated : 19 July 2022 clock 09:44 PM

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UK Treasury aims to avoid Brexit regulation fight with Bank of England ...Qatar

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