


UK plans to ease its banking rules
LONDON — Britain announced plans Friday to ease banking rules brought in after the 2008 global financial crisis in a bid to attract investment and secure London’s status as Europe’s leading finance center.
Treasury chief Jeremy Hunt said the package of more than 30 changes, which follow Britain’s departure from the European Union in 2020, will make the U.K. “one of the most open, dynamic and competitive financial services hubs in the world.”
The changes include lifting a cap on bankers’ bonuses and easing capital requirements for smaller lenders. The government also said it will review regulations that hold bankers accountable for their decisions and will relax rules intended to separate risky investment banking from retail operations.