Sector Regulation Sector Regulation

Controversial financial services 'call-in' power scrapped by UK government

The UK government has scrapped plans to introduce a controversial “intervention power” in draft financial services legislation, which would have allowed it to overrule financial regulators.
Following significant pushback from the financial regulators, as well as lawmakers, the financial services minister today said the government “has decided not to proceed with

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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