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City Min-Don't Want To Differ In Any Marked Way From US/EU On Cap Mkt Rules


Wires carrying comments from Economic Secretary to the Treasury Andrew Griffith stating that "The UK does not want to differ in any marked way from the United States and Europe in capital market rules". Adds that a new competitiveness objective for UK financial regulators will be applied in a "balanced and orderly" way.

  • Griffith, speaking at FIX Trading, is announcing a new review into the UK’s research and investment landscape, due to get underway on 13 March.
  • Gov't press release on the review:
  • The review is set to coincide with the 'Edinburgh Reforms' to the UK financial services industry announced in late-2022. The legislation is currently in the House of Lords and seen as likely to become law in the coming weeks. Law firm Farrer & Co.'s brief on the Edinburgh Reforms:
  • In the wake of the 'Windsor Framework' announcement last week, there has been speculation that long-standing issues over financial market access and cooperation could be next up on the docket for EU-UK talks amidst an improved atmosphere. On 8 March Bloomberg highlighted some of the issues facing both sides in any such talks.

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