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U.Okay. Seems to Compete on Monetary Regulation

London desires to regain the mantle of the world’s busiest monetary middle from New York by overhauling how banks and different monetary companies are regulated after Brexit.

The U.Okay. authorities mentioned this month its prime monetary regulators shall be required to assist enhance development and worldwide competitiveness within the monetary sector, as secondary mandates to current duties similar to sustaining monetary stability and client safety.

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