The core of government plans to overhaul the future regulation of Britain's financial services has been delayed, possibly until after the next general election, the Daily Telegraph reported on Tuesday without citing sources. Proposals on tightening existing rules are due to be published on Wednesday. But the Telegraph said the long-awaited policy paper on financial regulation will offer "no firm proposals" on how authorities will control banks' balance sheets.
The document is due to outline how the government aims to avoid a repeat of the worst financial crisis in living memory by giving more power to authorities to intervene quickly.
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