FCA chair eyes post-Brexit rule shake-up

Slams 'cycle of deregulation, crisis and regulation'

Chair of the Financial Conduct Authority (FCA) Charles Randell has outlined the regulator's approach to a potential post-Brexit shake-up of its rules, criticising a "cycle of deregulation, crisis and regulation" that led to the financial meltdown of 2008.

Speaking at the Association of Financial Markets in Europe annual conference on 2 October 2018, Randell said the FCA's programme of regulatory change following the UK's departure from the EU should be "phased and co-ordinated in a proportionate way". What lessons have been learnt over the decade since Lehmans collapsed? (Part III) He explained that ten years on from the most recent global financial crisis it was important to ensure against mistakes made in the past. Randell said: "After each crisis, we bring in a weight of new regulation. "We push it up the hill to implementatio...