UK financial regulators begin work on ‘air traffic control’

Philip Hammond
UK finance minister Philip Hammond

The UK’s main financial regulators have started work on an “air traffic control” system designed to reduce potential overlaps in regulation.

The Bank of England, Financial Conduct Authority, Payment Systems Regulator and Competition and Markets Authority met on July 18 to “discuss a plan to improve regulatory co-ordination”.

“All the authorities committed to taking forward work to improve regulatory co-ordination alongside the forthcoming call for evidence from HM Treasury,” the regulators

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