Wall Street

Britain says new finance law will ‘reset’ sector

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Reuters UK

LONDON (Reuters) -Britain’s forthcoming draft financial services law will reset the sector after Brexit and sharpen its competitive advantage, UK financial services minister John Glen said on Thursday. Britain’s 260 billion pound ($317 billion) financial services sector was largely cut off from the European Union after Brexit, leaving the government under pressure to boost London’s global appeal as a financial centre. A draft law is due this month, containing a string of reforms to insurance and capital markets. “I am confident that this framework, this legislative platform, will be the start …

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