THE UK Government has announced plans to use "Brexit freedoms" to launch a raft of major reforms to the financial sector to replace EU regulation.
Chancellor Jeremy Hunt announced the so-called “Edinburgh Reforms” on Friday morning, with changes including a review of accountability rules for bankers and easing capital requirements for smaller lenders.
The package is made up of more than 30 regulatory reforms which Hunt claims will “turbocharge” growth in towns and cities across the UK.
