FCA pledges to reduce barriers for specialist trading companies

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The story "FCA pledges to reduce barriers for specialist trading companies" was covered 14 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 14h ago

FCA pledges to reduce barriers for specialist trading companies - Financial Times

Quick Summary:

The regulator is under pressure from the Labour government to show that it is doing more to take account of its secondary objective to support growth and competitiveness, which was introduced last year under the previous Conservative government.

The UK needed “a new mindset towards risk”, he said, citing the FCA’s reform of listing rules to encourage pension funds to invest more in riskier assets and reducing the requirement for companies to issue a prospectus when raising more capital.

Financial markets were hit by a sharp sell-off in early August following weak US labour market data and speculation about interest rate moves, although they quickly recovered.