A compliance can of worms?

Regulatory News

A polar bear used to live at the city zoo in Cologne, Germany. It had once belonged to a circus, and now lived in a reasonably large enclosure but used only a tiny fraction of the space – years of confinement in a narrow trailer meant it now paced up and down as though trapped within an invisible prison. Financial institutions in the UK may soon find themselves in the same situation.

Firms have been promised freedom from the mass of minutely detailed rules that currently tell them how to serve

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