UK regulators are not 'lumbering' and should not mirror Bermuda, says Glen
Calls from the London market to reform the UK regulatory regime to more closely resemble that of, for example, Bermuda should be resisted, the Economic Secretary to the Treasury John Glen has said.
Giving evidence to a House of Lords committee on Thursday, Glen pushed back on the characterisation of UK regulation – raised in line of questioning by Lord Eatwell – as “lumbering.”
He said: “We’re
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