UK launches financial regulatory reform

LONDON, Dec. 9 (Reuters) – Britain’s Treasury unveiled plans for financial sector reform on Friday, including a review of rules that hold bankers accountable for their decisions and easing capital requirements for smaller lenders. Britain’s government is under pressure to relax rules as Amsterdam overtakes London as Europe’s biggest stock trading hub.

Also included in Britain’s financial reform plan is a review of short-selling rules, an overhaul of the prospectuses companies issue when they go public, and the repeal and reform of rules introduced during Britain’s time in the EU.