BoE’s FPC sounds warning on implementation of global standards
FPC cautions on global co-operation around regulatory standards
The Bank of England’s (BoE) financial policy committee (FPC) flagged the importance of global co-operation on supervision and consistent regulations today (March 27), amid political pressure for a regulatory rollback in some jurisdictions.
In its post-meeting statement, the FPC said the resilience of the UK’s financial system depends on the rules in other jurisdictions, which “at a minimum” should be consistent with “agreed common international baseline standards”.
“Absent consistent
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