Competitiveness objective won’t interfere with the main job, UK regulators insist
The PRA's Vicky Saporta (left) and FCA's Sarah Pritchard (right)
UK regulators’ new statutory objective of pushing the country’s international competitiveness won’t conflict with their primary objective of ensuring safety and soundness, Prudential Regulation Authority executive director Vicky Saporta has insisted, as she argued against “regulatory races to the bottom to win business”.
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