The U.K.'s new prime minister may have big plans for the City of London
to the Financial Times last month. It cited campaign insiders as saying Truss would seek to review and possibly merge London's three big regulators – the Financial Conduct Authority , the Prudential Regulation Authority and the Payment Services Regulator .'Change for change's sake'
Their remits sound similar, but the different organisations were formed when it was decided the Financial Services Authority, which regulated the City between 2001 and 2013, had multiple functions that could be better served through separate organisations. "The simple question to be answered now is: What would the rejoining of the PRA and the FCA achieve?", Nunan wrote in an email to CNBC.
Governments should always "challenge the status quo," Nunan said, but argued that it's a question of whether this would actually better serve the "changing needs of a nation."
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Hoboken preparing for potential flooding from Monday night's stormThe city of Hoboken is bracing for potential flooding from a storm expected to hit the area on Monday night into Tuesday. As JessicaMooreTV reports, the city is implementing lessons learned from past storms to protect the people.
Baca lebih lajut »
Suspect arrested after firing shots at two people in Kane CountyA suspect fired shots at two people before fleeing into a residence in unincorporated Elgin Saturday morning.
Baca lebih lajut »
2 people hospitalized after high-rise fire in BrooklynElectric scooters may be to blame for a high-rise fire in Brooklyn that sent two people to the hospital.
Baca lebih lajut »