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Britain should avoid major, hasty reforms to make its financial sector more globally competitive following the industrys separation from the European Union by Brexit, a parliamentary report said on Thursday.The finance ministry has proposed scores of changes to rules governing capital markets, company listings and insurance to exploit independence from EU regulation and create an opportunity for Britain to innovate. Legislation is due this year.The outlook for the resilient financial sector seems relatively positive , given that far fewer finance jobs than expected had moved to the EU, the House of Lor [url=https://www.stanley-cups-uk.uk]stanley quencher[/url] ds European Affairs Committee s [url=https://www.stanleycups.com.mx]stanley en mexico[/url] aid in its report.But committee chair Charles Hay said: You should be a little bit wary because theres a lot still to play out in this. Britain is proposing to give regulators a secondary objective of aiding financial sector competitiveness, but Hay said the committee was asking the government to explain exactly how this would work in practice.A s [url=https://www.cup-stanley.uk]stanley cups uk[/url] eparate parliamentary report last week declined to back the objective, saying it risked weakening standards.Bankers have called on the government to speed up reform, but Hay said it was critical to get the right sequencing to reach the new place for a sector that accounts for 10 per cent of total British tax receipts. More important than the speed is the final answer because if you rush and do the wrong thing, then you will damage something very precious, Hay said, outlining the report.British relat Cksr Coronavirus: 28 fines issued for violation of measures
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