Brexit offers opportunity to unlock City’s potential, MPs say

Brexit presents a possibility for lawmakers to throw off the shackles of legacy EU regulation that has held again the Metropolis, in response to a report by a gaggle of cross-party MPs printed at present.

The UK can tweak the regulatory regime inherited from Brussels or design a wholly new system to spice up the Sq. Mile’s banks, brokers and insurers, the treasury committee mentioned.

Britain did exert sturdy affect over the creation of monetary companies guidelines when it was a part of the EU, which means coverage makers would not have to tear up the entire rulebook, the committee advisable.