U.K. Plans Sweeping Markets Review to Give London a Brexit Edge
- Treasury to consult on changes in the summer, John Glen says
- Review aims to be ‘as broad and inclusive as possible’
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The U.K. is preparing a wide-ranging review of financial markets to defend the City of London’s global pre-eminence after Brexit.
In an interview with Bloomberg, Economic Secretary to the Treasury John Glen said the government isn’t going to stop after overhauling rules covering initial public offerings and fintech firms. It is also preparing to consult businesses on “detailed proposals for wider reform to the capital markets” in the summer, he said on Wednesday.