Brexit could spell larger mandate for Bank of England – report
House of Lords report asks government to consider adding competitiveness to mandates of FCA and PRA
The Bank of England could see its mandate expanded to include fostering the UK’s international competitiveness under the current EU withdrawal bill being weighed by parliament.
According to a report released by the UK’s House of Lords on January 27, regulators may become “constrained” by their current mandates as the “intensity of international competition” increases post-Brexit.
“We need to look at whether our regulatory powers or framework should be tuned up again to the new environment by
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