U.K. Outlines Post-Brexit Changes to Capital Market Regulations

The U.K. is expanding the Financial Conduct Authority’s powers in a package of post-Brexit changes to the way it regulates the City of London.

The reforms will give the FCA responsibility for overseeing transparent fixed income and derivatives trading, as well as pre-trade transparency, according to a government statement on Tuesday.

The regulator will also help the industry create a single data feed from across several trading venues, known as a consolidated tape. This is an ambition that’s long been held by the European Union, which is working on a cross-continental financial system that could compete with London following the ...