UK Government to reform financial regulation

The UK government is preparing to unveil a significant legislative package in the upcoming King's Speech. This package will feature a new financial services bill aimed at finalizing several previously planned regulatory changes. The reforms are expected to streamline existing frameworks and potentially introduce new measures to adapt the financial sector to evolving market conditions and technological advancements. This move signals a proactive approach by the government to ensure the competitiveness and stability of the UK's financial services industry on a global scale.