Britain to reform bankers accountability rules to help drive growth

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, March 30 (Reuters) - Britain on Thursday launched a long-awaited consultation on reforming rules brought in after the global financial crisis to make top bankers accountable for their decisions, saying that keeping the finance sector globally competitive was key for driving economic growth. "Overall, the government understands there is broad support for the principles and objectives underpinning the regime," the consultation said. "However, firms operating within the regime have raised some concerns on certain aspects of the regime with government." (Reporting by Huw Jones; Editing by Jon Boyle)

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