A consequence of Brexit is that a substantial amount of power that was previously vested in the EU’s various institutions has been transferred to the UK’s financial regulators, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), bodies established by statute, but which operate independently of government. The
OPINION: How should UK financial regulators be held to account?
4 min read
Macfarlanes assess regulatory accountability issues and how they should be addressed.