BusinessCompany NewsRegulatory shakeup will hurt London’s competitiveness

Regulatory shakeup will hurt London's competitiveness

LSE worries about FRC lobbying efforts at European level

Proposals to place the UK Listing Authority in the care of the Financial
Reporting Council has led to fears the move may erode London’s competitiveness,
City AM
reports.

The London Stock Exchange is reportedly fighting the proposals, being
considered as part of the shakeup of city regulation by the Treasury.

The LSE fears the FRC will fail to influence the European Securities and
Markets Authority, which will regulate listed markets across Europe.

Further reading:

City
fears new listing rules

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