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Brexit offers opportunity to unlock City’s potential, MPs say

Brexit offers an opportunity for lawmakers to throw off the shackles of legacy EU regulation that has held again the City, in accordance to a report by a gaggle of cross-party MPs revealed right now.

The UK can tweak the regulatory regime inherited from Brussels or design a wholly new system to enhance the Square Mile’s banks, brokers and insurers, the treasury committee stated.

Britain did exert sturdy affect over the creation of monetary companies guidelines when it was a part of the EU, which means coverage makers do not need to rip up the entire rulebook, the committee beneficial.

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