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City watchdogs ordered to go for growth by government

The government will task financial regulators with boosting the City’s competitiveness as part of a push to secure the UK’s status as a leading financial hub.  

City watchdogs ordered to go for growth by government
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In a sweeping set of reforms launched yesterday designed to overhaul the regulatory regime shaping the City, the government said regulators would be given a further objective to “facilitate the long-term growth of the UK economy” alongside their existing obligations. 

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