BlackRock UK chair calls domestic regulation 'enabling' and environment 'beneficial' to do business

House of Lords committee hearing

Sandra Boss, chair of BlackRock UK has praised the country's capital markets as “a beneficial environment to do business”, but admitted successive governments have limited their risk appetite since the 2008 Global Financial Crisis.

At a House of Lords Financial Services Regulation Committee hearing today (9 October), Boss began by "emphasising how important the UK is to us as a global investment manager". "This is unquestionably the global international hub for investment management," the chair added. FCA CEO Nikhil Rathi: 'UK markets stay relevant because we are always open to reform' According to Boss, the UK is an environment that fosters "predictable outcomes" for asset managers based on a "highly competent regulatory environment".  "That [environment] combined with being a capable legal environment, e...