Britain sets out ‘vision’ for financial services

imageStock Markets35 minutes ago (Jul 01, 2021 05:16AM ET)

(C) Reuters. FILE PHOTO: Britain’s Chancellor of the Exchequer Rishi Sunak talks during a TV interview in London, Britain November 22, 2020. REUTERS/Simon Dawson/File Photo

LONDON (Reuters) – Britain’s finance minister on Thursday set out his “vision” for financial services, saying Brexit is a “unique opportunity” to tailor rules while maintaining high regulatory standards.

Rishi Sunak set out potential reforms to wholesale markets and insurance capital rules, and said Britain will deliver a groundbreaking “mutual access” deal with Switzerland in cross-border financial services.

“This new chapter for financial services sets out the government’s plan to achieve that vision,” Sunak said.

Britain sets out ‘vision’ for financial services

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