London
Who remembers the 2008 crisis, which nearly brought down the entire British banking system?
Obviously, not Nadhim Zahawi, the British Conservative Minister of Economy and Finance.
In his first major speech to City officials, Rishi Sunak's successor promised to
“unleash the growth of financial services (…) by repealing hundreds of EU rules governing the sector”.
The objective is to take advantage of Brexit and to make people forget that British financial services came out the losers of the United Kingdom's withdrawal from the EU, since the sector is not the subject of any agreement between London and the Twenty- Seven.
In reality, the project is not only that of Nadhim Zahawi, candidate for the leadership of the Conservative Party, eliminated very quickly from the competition.
His predecessor, Rishi Sunak, a finalist to succeed Boris Johnson, had begun a
“big bang”
in financial regulation.
The government has already launched a…
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