Chancellor Promises Big Boom After Brexit For City
The chancellor told the annual Mansion House bankers’ dinner that he wanted to replace Brussels rules with a more “agile approach” to financial regulation. Mr Zahawi confirmed the financial services bill would be introduced into parliament on Wednesday – claiming it would “unleash growth” in the banking sector. It aims in part to enable reform of the Solvency II regime governing the insurance market across Europe, with the aim of giving insurers more flexibility to invest in infrastructure....