The Chancellor told the Financial Conduct Authority there was a need to “build further momentum” to ease regulation to enable financial firms to drive growth.
Rachel Reeves' comments came after a speech at Mansion House last night that put the financial services industry at the center of driving economic growth. 
In a letter to regulators dated November 14, she said: “We should also consider ways to enable informed and responsible risk-taking by accredited businesses and customers.” He added that despite moves to free up bureaucracy, “there is still work to be done.” We should do it to build momentum. ”
Reeves points out: “We will continue to fully embed the second global competitiveness and growth objective across our organizations and accelerate its implementation, ensuring that growth and competitiveness are properly considered across all policy-making and in our approach to oversight and policy. It is vital that companies' experience in dealing with the Financial Conduct Authority.
He added that watchdogs should also “consider how to ensure that accredited companies and customers are able to take informed and responsible risk-taking.”
The Prime Minister wrote: “We recognize there are difficult trade-offs and the Government is committed to supporting you in this regard.
“At the end of the day, we have to trust the systems we have in place to manage the impact when something goes wrong, so that problems with one company can pose a broader risk.” or lead to over-correction in the future.”
The Prime Minister said regulators must ensure that:
Innovative new companies are supported to enter the market, existing companies are enabled to innovate and invest in new technologies, customers are given access to the right advice and products to benefit from economic growth, and UK financial services companies are: Supporting the net zero transition supported to play a key role Companies have a positive experience of engaging with the FCA The UK has demonstrated international leadership on key regulatory issues
Mr Reeves added that watchdogs “need to support home ownership so that individuals have access to the financial services and products they need to fully participate in the economy. This includes amending the planning system and It also includes the government's commitment to make home ownership more accessible by building 1.5 million homes.” And we help first-time buyers who are struggling to save up a large down payment. ”
In response, the Financial Conduct Authority said: “We are partners in growth and support the Prime Minister's vision of achieving that.''
It added that it had amended UK listing rules in recent months “to encourage a wide range of companies to list and raise capital in the UK”.
It is working on the Pisces platform, which allows private companies to trade securities.
It also gives asset managers greater freedom in how they pay for research, and clarifies the rules for operating and distribution services for UK and international insurance brokers.
The regulator further added: “We fully embrace our second global competitiveness and growth goals and embed them in our processes, policy-making and culture.
“We have established a dedicated team to advise on the implementation of the new targets, and our policy work now clearly articulates how we have applied the targets.”
The Financial Conduct Authority and the City are currently sounding the alarm over the regulator's controversial plans to publish the names of companies being investigated.
Financial institutions have fiercely opposed the proposal since it was proposed in February, arguing that it would damage the reputations and reputations of companies even before the ruling is handed down.
The city appealed beyond the watchdog to former premier Jeremy Hunt, who asked him to scrap the plans in April.
This week, Financial Conduct Authority chief executive Nikhil Rati told a House of Lords committee that he would publish a radically restructured Honor and Disgrace proposal “in the next week or so”.
These revised plans appear to be the first test of a new relationship between the premier, regulators and the city.
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