Kemi Badenoch to set out plans to slash City red tape (opens original article in a new tab)

Kemi Badenoch will propose reducing regulatory constraints on the City of London to stimulate economic growth by replacing the Financial Service Ombudsman and adjusting banking regulations.

• Kemi Badenoch plans to reduce regulatory constraints on the City of London to boost growth.
• She proposes replacing the Financial Service Ombudsman with a streamlined regulatory process.
• The plan includes abolishing the ring-fencing regime and adjusting bank capital requirements to free £450 billion for investment.