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Britain kicks off post-Brexit ‘transformation’ of finance

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Reuters UK

By Huw Jones LONDON (Reuters) – Regulators will have to promote the global competitiveness of Britain’s financial sector or could face mandatory reviews of their rules, UK finance minister Nadhim Zahawi said on Tuesday. He confirmed that a long-awaited financial services and markets bill will be introduced before parliament on Wednesday to “capitalise on the benefits of Brexit and transform the UK financial services sector”. Bankers have been calling for speedy reforms to bolster London’s attraction as a global centre for finance after Britain’s departure from the European Union. Amsterdam has…

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