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Sky-Chancellor To Commit To Review Of City 'Unbundling'

UK

Sky News reporting that Chancellor of the Exchequer Jeremy Hunt is set to, "commit to a review of City ‘unbundling’ as part of a package of deregulatory reforms aimed at bolstering London’s post-Brexit competitiveness."

  • Report states that Hunt, "will announce as soon as Friday that the measures - dubbed 'Big Bang 2.0 in the City and Whitehall - will include a commitment to independently review provisions contained in Mifid-II, a Europe-wide law introduced in 2018."
  • Sky: "Mr Hunt is expected to outline his package of financial services reforms at a roundtable meeting with industry executives in Edinburgh....Other measures expected to be embraced by Mr Hunt this week include those focused on improving the efficiency of securitisation and other areas of the financial markets."
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