Andrew Bailey says free trade demands greater international cooperation on financial rule-making
The governor of the Bank of England has called for greater cooperation on financial rule-making, warning that Brexit has affected the “openness of the UK economy”.
In an apparent swipe at those calling for the UK to develop a separate rulebook for banking and insurance activities, Andrew Bailey said free trade needed strong regulation based on agreements with foreign watchdogs.
More Stories
TikTok breached EU advertising transparency laws, commission says
Dutch climate campaigners vow to take Shell to court again
Top winemaker ‘may have to leave its Spanish vineyards due to climate crisis’