I'm not sure the comments so far are really about what's germane in the discussion of this article - namely, it's talking about the government document[0] which is an obvious nod-and-wink to the City[1], that they are free to go ahead and exploit loopholes in international and national law, and continue enabling the criminal system of tax evasion and political and social corruption, without the interference of regulators.
Anyone reading the headline statements in the document can see the implied meaning. For instance, the Chancellor of the Exchequer:
"I want to ensure that the government - working with our world-class regulators - takes an agile and dynamic approach, one which enables those in the financial services sector to evolve and thrive as they embrace the new opportunities of the future."
Anyone reading the headline statements in the document can see the implied meaning. For instance, the Chancellor of the Exchequer:
"I want to ensure that the government - working with our world-class regulators - takes an agile and dynamic approach, one which enables those in the financial services sector to evolve and thrive as they embrace the new opportunities of the future."
[0] https://assets.publishing.service.gov.uk/government/uploads/...
[1] The 'City of London' in this context should be understood as the rough equivalent of 'Wall St' in US terms