Sector Regulation Sector Regulation

UK won't become financial ruletaker to obtain EU equivalence, says BOE’s Bailey

By Fiona Maxwell
  • 06 Jan 2021 12:02
  • 23 Feb 2021 08:59
Requiring the UK to disclose its future approach to financial regulation to obtain equivalence provisions from the EU is “quite problematic, frankly,” the Bank of England’s governor told lawmakers today, adding that in no circumstance would he support the UK giving up its regulatory independence from the EU.

Andrew Bailey questioned

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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 Risk.net, 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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