Government publishes financial regulation White Paper and draft Bill.

(From Central Office of Information - News Distribution Service)

The Government has today published its financial regulation White Paper and draft Bill. These provide further detail on the Government's proposed reforms to the financial regulatory regime within the UK.

Today's White Paper has been extensively informed by the responses to the Government's last round of consultation in February, and contains a number of new policy proposals which have been developed in light of stakeholder feedback, including:

a a specific statutory objective governing the Prudential Regulation Authority's responsibilities for the insurance sector; a an updated and enhanced …