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UK’s Liz Truss would review financial watchdogs’ roles, says source

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Reuters UK

By Elizabeth Piper and Huw Jones LONDON (Reuters) -Liz Truss, the front-runner to become Britain’s next prime minister, wants to examine the roles of the country’s three financial regulators as part of a review, a source close to her leadership campaign said on Thursday. Provided she wins the contest, Truss is expected to examine the role of the Financial Conduct Authority (FCA), the Bank of England’s Prudential Regulation Authority (PRA), and the Payment Systems Regulator (PSR). “No decisions have been made on the future of regulators,” the source said, asking not to be named. “She’s clear th…

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