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Brexit provides a chance for lawmakers to throw off the shackles of legacy EU regulation that has held again the Metropolis, in response to a report by a gaggle of cross-party MPs revealed immediately.
The UK can tweak the regulatory regime inherited from Brussels or design a wholly new system to spice up the Sq. Mile’s banks, brokers and insurers, the treasury committee stated.
Britain did exert sturdy affect over the creation of economic companies guidelines when it was a part of the EU, which means coverage makers don’t have to tear up the entire rulebook, the committee beneficial.
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