Sector Regulation Sector Regulation

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 Services and Markets

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