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  3. A hard Brexit poses risks to the integrity of financial markets and could mak

A hard Brexit poses risks to the integrity of financial markets and could mak

游客2023-08-14  24
问题    A hard Brexit poses risks to the integrity of financial markets and could make it harder to protect consumers from wrongdoing by banks, the head of the city regulator has warned MPs.
   Andrew Bailey, chief executive of the Financial Conduct Authority, said a cliff-edge Brexit—one in which the regulatory framework changes the instant the UK leaves the EU—also presented competition risks, alongside threats to legal and market stability.
   In his latest letter to the Treasury Select Committee, Bailey said a sudden exit from the EU could make it difficult for regulators to obtain information about the firms they regulate. "Any lack of certainty with regard to the regulatory framework may affect the ability of the FCA, and perhaps other regulators, to take enforcement action as a means of both addressing and deterring misconduct," said Bailey.
   He also highlighted the risks associated with the sudden loss of the "passport" that firms based in the EU use to operate freely within the 28 member states. Bailey has previously told the committee that 5,476 UK-registered firms hold at least one passport to do business in another EU or EEA member state while just over 8,000 companies authorized in other EU states use these rules to do business in the UK.
   There was a risk, he said, that firms could end up without the correct permissions to sell products or find themselves vulnerable to legal action if they were not able to meet pledges to provide services for customers. The FCA may not have enough time to process applications—which take about 23 weeks—if the loss of passporting is only agreed late in the negotiations.
   Former shadow chancellor Chris Leslie, a leading supporter of the Open Britain campaign, said: " The last thing post-Brexit Britain needs is to tie the hands of the Financial Conduct Authority behind their back. A hard Brexit doesn’t just risk pushing our economy over a cliff edge, it risks throwing robust regulation into the void as well. "
   "If we learned anything from the 2008 global economic crash, it is that a clear system of regulation for financial services is essential. It is deeply worrying that the people responsible for that in this country are saying they will not be able to do their job properly if Britain crashes out of the EU without a transitional deal in place. "
   " When the financial watchdogs are themselves saying they will not be able to properly protect consumers following a hard Brexit, the government needs to sit up and take notice. " "If the watchdog cannot watch financial transactions properly, we are leaving both peoples’ finances and markets vulnerable to abuse. " [br] The data quoted in Paragraph Four illustrates______.
选项 A、the extensive influence of Brexit on business
B、the large amount of workload of the FCA
C、the significance of acquiring the "passport"
D、the enormous scale of the overseas market
答案 A
解析 推理判断题。本题考查引用数据的目的。定位段主要提到企业可以使用的通行于欧盟的“许可证”骤然失效可能带来很多问题，贝利提到了受影响的国家和公司的数目，是为了说明这个问题影响的范围很广，故答案为A)。贝利在定位段中并没有提到许可证失效与金融市场行为监管局之间的关联，故排除B)“金融市场行为监管局庞大的工作量”；贝利在第五段才论及一旦许可证失效可能会引发什么问题，因此C)“申请‘许可证’的重要性”不是第四段论述的要点，应排除；D)“海外市场的庞大规模”与定位段主题无关，故排除。
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