Britain to use Brexit ‘flexibility’ to make City of London more attractive By Reuters – Investing.com

Britain to use Brexit ‘flexibility’ to make City of London more attractive By Reuters – Investing.com

© Reuters. Canary Wharf stands beyond the Maritime museum from Greenwich Park in London

By Huw Jones LONDON (Reuters) - Britain will use its freedom from European Union rules to regulate markets flexibly and make the City of London even more attractive to global investors, the Financial Conduct Authority said on Tuesday. Britain's financial sector has been largely cut off from the bloc since full Brexit on Dec. 31, with no sign of increased direct access any time soon as the EU builds up capital market autonomy in stock and derivatives trading. Nausicaa Delfas, who heads up the FCA's international division, said Britain's financial market has entered a "new phase", but would remain open to the world and built on "robust" standards. "Our new found position allows the FCA to have a new, more nimble approach to domestic policymaking. We can focus on using this new flexibility for the global markets that we host in the UK," Delfas told a City & Financial conference. "The departure from the EU presents us with opportunities to do things differently, and that is an opportunity we will grasp." The FCA has begun easing curbs inherited from the EU on "dark" or anonymous, off-exchange