Rebooting UK financial regulation for the post-Brexit world

Recognising the critical role that financial markets will play in the success of the UK’s post-Brexit economy, the Treasury is now engaged in a review of the current financial regulatory framework. Anamika Ahir and Kevin R. James propose that the Treasury pursue three key reforms to the current system: i) set regulators a new objective to “make markets effective”; ii) require regulators to collect and analyse the information the regime they implement demands; and iii) devise new accountability arrangements and international engagement practices to ensure that these changes happen.