Miles Celic, Chief Executive Officer, TheCityUK said:
“Our industry supports the government in requiring the FRC to consider competitiveness when ensuring compliance. Many foreign regulators have a very successful track record of marrying high standards and driving competitiveness and it is good to see the same approach now being reflected in the UK. We look forward to continuing to engage with the government and regulators to deliver progress in this area and ensure the UK continues to be an attractive place to do business.”
