U.K. to unveil financial reform bill in King’s Speech, targeting regulators, growth: FT

The U.K. government is expected to include a major financial services reform bill in next month’s King’s Speech, the Financial Times reports. The package aims to reshape regulation in the City of London and boost the competitiveness of the U.K. financial sector. Markets could view the move as pro-growth for U.K. banks, brokers and capital markets, potentially supporting the UK 100 index and U.K.-listed financials and the pound, although details and timing will determine the scale of any reaction. Uncertainty remains until legislation is published, and regulatory pushback or dilution of measures could temper market gains.