View Details << Back    

UK PM Race: Liz Truss says role of economic regulators will change if she becomes PM; Sunak was also targeted

  London: Foreign Minister Liz Truss, who is leading the candidature for the post of British Prime Minister, has expressed her desire to review the role of the three regulators of the economic sector. She has said that she aspires to do so when she becomes prime minister. He believes that the roles of these regulators should be changed to accelerate the pace of economic growth in the country. The role of the three regulators that the Trust has called for review are the Financial Conduct Authority (FCA), the Bank of England's Prudential Regulation Authority (PRA) and the Payment Systems Regulator (PSR). Experts believe that the future of these regulators has become uncertain due to Truss' stand.