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Tuesday, Aug 16, 2022

Bank of England's Bailey opposes Treasury plan to overrule financial regulators

Bank of England's Bailey opposes Treasury plan to overrule financial regulators

Andrew Bailey, the governor of the Bank of England, opposes plans drawn up by Britain's Treasury to overrule financial regulators, Sky News reported on Saturday.
Bailey has expressed disquiet about a so-called 'call-in power' which will be included in the Financial Services and Markets Bill, which is due to be introduced this year, the report said.
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