Home NEWS Brexit LIVE: Truss unveils plan to ‘unshackle’ City of London with EU red tape bonfire | Politics | News

Brexit LIVE: Truss unveils plan to ‘unshackle’ City of London with EU red tape bonfire | Politics | News

by timesverge

The brand new Prime Minister mentioned EU guidelines “maintain the Metropolis, and its contribution to your entire nation, again”.

Now she needs to modify issues as much as unlock the town’s potential by altering Solvency II capital necessities for insurers, and the MiFID II rulebook for buying and selling shares and bonds.

As a part of her new function, Ms Truss can even evaluation the function of the Monetary Conduct Authority (FCA), the Financial institution of England’s Prudential Regulation Authority (PRA), and the Cost Programs Regulator.

It comes because the EU urged Ms Truss to respect the Brexit settlement.

European Fee president Ursula von der Leyen tweeted her congratulations saying: “I look ahead to a constructive relationship, in full respect of our agreements.”

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