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ICC calls for smarter and more agile regulation from the FCA & PRA

ICC office in Paris
The ICC says UK’s regulation is overly bureaucratic and needs reform to allow growth. Wirestock/ Getty Images

The call comes as UK regulators face intense pressure from the government and the parliament to do more on economic growth.

The International Chamber of Commerce (ICC) has urged two of the UK’s main financial regulators, the FCA and the PRA, to introduce a smarter and more agile regulatory framework to help small businesses.

The Financial Times said it has seen a letter from the ICC’s UK Secretary General Chris Southworth