The UK is home to one of the largest financial services centres in the world and adds more than £194.2 billion of value to the UK economy. Our capital markets sit at the centre of this, providing essential services both to large and small UK companies, as well as international businesses who want to raise money and manage risk.
With the development of the EU's single market, much of our regulatory approach to capital markets was set in Brussels. Now that we have left the EU, we can tailor our rules more closely to the unique circumstances of the UK, improve standards and make regulation more proportionate.
This review is not about lowering standards for wholesale capital markets. Instead it is about the need for regulation to be adjusted on the basis of evidence and experience to ensure it effectively addresses risks. After the financial crisis in 2008 we were instrumental in the development of reforms to improve the stability of the global financial system. We also reformed our own r
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