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

游客2024-04-05 15

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] In the last two paragraphs, Chris Leslie emphasizes______.

选项 A、the urgency to reinforce the function of FCA
B、the importance of a manifest regulation system
C、the responsibility of the financial regulators
D、the necessity of the government’s involvement

答案 B

解析事实细节题。本题考查对克里斯·莱斯利观点的理解。第七段首句引用了克里斯·莱斯利的原话，指出应该从2008年全球经济危机中汲取教训，那就是明晰的金融服务管理体系至关重要，并在随后一段强调一旦监察部门不能依照法规有效监控，那么公民财产和整体市场都会面临风险，可知莱斯利是在强调明晰的法规体系十分重要，故答案为B)。A)“加强金融市场行为监管局监管的紧迫性”，莱斯利虽然强调金融监控的重要性，但是并没有明确应由哪个部门来实现，故排除；最后一段虽然指出金融监管很重要，但并非是针对监管者提出的要求，而是呼吁要有法规依据，因此排除C)“金融管理者的责任”；莱斯利在第八段首句提出，政府应该重视给予金融监察部门明确的依据来保护消费者，其实也是呼吁政府要重视明晰法规，而D)“政府介入的必要性”这种说法过于笼统，故排除。

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