UK Warns Financial Regulators of Further Action in Growth Push

The UK government said it’s prepared to push through more reforms to make regulators prioritize finance industry growth, the latest salvo in an ongoing rift between ministers and the Financial Conduct Authority.

The FCA has faced criticism including from Chancellor of the Exchequer Jeremy Hunt in recent weeks, particularly over a plan to ‘name and shame’ firms under investigation at an early stage. The government has said that policy contradicts the FCA’s secondary objective — which the government legislated for last year — to work to make the City more competitive.

“We will go further if needed if things are ...