Financial Services Financial Services

UK ministers should use power to overrule financial regulators ‘only in extremis,’ Glen says

By Fiona Maxwell
  • 27 Sep 2022 15:03
  • 27 Sep 2022 15:03
A planned new power for the UK government to be able to overrule financial regulators has been misinterpreted, former junior economy minister John Glen has said, stressing that the power would only be used in extreme circumstances. 
The “call-in” power, which the government intends to add into the UK’s draft Financial

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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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