(Adds detail)
By Huw Jones
LONDON, Sept 9 (Reuters) - Britain will maintain financial
standards above those which it is required to by international
rules as it prepares to end compliance with EU laws, Bank of
England Deputy Governor Sam Woods said on Wednesday.
Britain left the European Union in January and transition
arrangements under which it still complies with the bloc's rules
are due to end on Dec. 31.
The BoE has resisted pressure from some lawmakers to have a
formal remit to keep Britain's financial services sector
globally competitive when setting rules in future.
"We will maintain high standards through Brexit, and at
least as high as we have now and above those that pertain
internationally. We will stick with that," Woods said during an
in-house BoE interview.
British regulators have also been accused by financial firms
of "gold-plating" EU and international rules or coming up with
tougher versions.
Woods said the shape of regulation in Britain will change to
become more "agile and dynamic", but the BoE will not regulate
for its own sake.
"We should only do just enough to get us onto the right
path," Woods said, adding that research would help determine
what is enough and what is the right path.
(Reporting by Huw Jones; Editing by Alex Richardson and
Alexander Smith)