LONDON (Reuters) – British finance minister Jeremy Hunt stated the monetary companies reforms he introduced on Friday wouldn’t result in a repeat of the regulatory errors that contributed to the 2008 international monetary disaster.

“It’s completely smart to make pragmatic modifications reminiscent of those that we’re asserting right this moment,” he stated at an occasion hosted by the Monetary Occasions.

“However we’re doing so very, very rigorously to make it possible for the UK is a aggressive, thrilling place to be and to take a position, but additionally that we do not lose the guard rails that we put in place after 2008.”