Brexit has hit UK’s economic openness, says Bank of England governor
by Phillip Inman from Economics | The Guardian on (#6G766)
Andrew Bailey says free trade demands greater international cooperation on financial rule-making
The governor of the Bank of England has called for greater cooperation on financial rule-making, warning that Brexit has affected the openness of the UK economy".
In an apparent swipe at those calling for the UK to develop a separate rulebook for banking and insurance activities, Andrew Bailey said free trade needed strong regulation based on agreements with foreign watchdogs.
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