British Minister of Finance, Jeremy Huntwill present this Friday in Edinburgh (Scotland) financial system reform great Britain to increase its growth after Brexit, which is expected to confirm the difference from the European Union.

Hunt will announce a package “over 30 regulatory reforms” which would require a “review, repeal and replacement” of many regulations inherited from the EU which, according to London, slowed progress of the financial sector, a statement said.

The regulations in question are of transparency obligations for financial products to precautionary rules for bankswith the aim of creating a “tailored” regulatory framework, based on good international examples, that “balances the needs of companies with consumer protection”, said the Executive.

The minister will also confirm that the end for some banks to the restrictions imposed after the credit crunch of 2009 between investment and retail activities, to facilitate its operations. This would serve to “liberate” entities “without major investment activity” that are now constrained by this requirement, the note noted.

At the same time, the Government will require the financial sector regulatory bodies – the Financial Conduct Authority and the Prudential Regulation Authority – that, apart from ensuring consumer protection and preventing systemic risks, encourage measures that support competitiveness and growth.

“Leaving the EU gives us a golden opportunity to reshape our regulatory regime and unleashing the full potential of our resilient financial services sector,” Hunt said in a statement. “Today we are proposing a simplified, proportionate, home-grown regulatory regime that will unlock investment across our economy, creating jobs and opportunities for British people. ,” he says.

The government reminded that the financial services sector contributed around 216,000 million pounds (250,000 million euros) per year for the UK economy, including $76 billion (88,000 million euros) tax collection.