The Bank of England is planning to intensify the ongoing process of revision of system of financial regulation, said the head regulator mark Carney.
LONDON, 11 Nov. Maria Tobacco. The Bank of England will constantly review the system of financial regulation so that it meets the changing needs of the economy.
“We want not only to consolidate the progress we have achieved, but also to intensify the ongoing process of revision and reform,” he said, speaking Wednesday at the conference Open Forum 2015 in the city of London, Bank of England chief mark Carney.
“It’s not just about the correction of errors that led to the previous economic crisis, but also about the new opportunities that offer us financial technology and financial system is market-based. It is about creating truly global markets, in the UK and in other countries, but because international management and cooperation should function in the best way,” said Carney.
“In five years financial services in the UK will be regulated by the best in the world,” he promised.
Financial technologies talked a lot and Chancellor (Finance Minister) of great Britain George Osborne. “I want to see Britain by centre of financial technologies”, — said the Chancellor.