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  3. A hard Brexit poses risks to the integrity of financial markets and could make it harder to protect consumers from wrongdoing by

A hard Brexit poses risks to the integrity of financial markets and could make it harder to protect consumers from wrongdoing by

admin2018-03-26  54
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. "
What do we know about Andrew Bailey?
选项 A、He strongly opposes the hard Brexit.
B、He calls for a clear regulatory system.
C、He requires enhanced financial regulation.
D、He predicts some post-Brexit problems.
答案D
解析 事实细节题。本题考查对Andrew Bailey相关信息的理解。由定位段可知，冒险的脱欧行为——英国一旦脱离欧盟，其规章制度就要改变——除了威胁到法律和市场的稳定，还会带来竞争危机。可见贝利对于英国脱欧之后规章制度的改变将会带来的问题进行了预测，随后第三至五段有他对相关问题更详细的阐述，故答案为D)。安德鲁·贝利虽然提到了强行脱欧可能带来的问题，但并没有明确说他反对强行脱欧，故排除A)“他强烈反对强行脱欧”；原文虽然提到了脱欧后可能出现的各种法规问题，但并没有直接提出应对之法，可见B)“他呼吁建立一个明晰的政策体系”和C)“他要求加强经济法规”均与原文不符，故排除。
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