Woods does not want to see regulatory standards slip in efforts to undercut the EU:
Says to
- "maintain standards of resilience in the financial sector at least as high as those we have today"
- "I think the idea that we would want to be sub-EU standard doesn't bear scrutiny. If you look at ringfencing, if you look at the Senior Managers Regime: in areas where there is scope to go further [than EU rules], we have often done so."
The Financial Times has the report, which may be gated
It contains the inevitable leadership speculation, which has been ongoing
- Eurosceptic backbenchers were reported over the weekend to be preparing a coup to remove Mrs May from office if she were to push for a customs union.
