Bank accusations 'protectionism' - Boris
Accusations that investment bank Standard Chartered laundered money could be a veiled "protectionism", Boris Johnson has said.
Writing in the Spectator magazine, the Mayor of London said the criticism of the financial institution could be "at least partly motivated by jealously of London’s financial sector – a simple desire to knock a rival centre".
Mr Johnson accused the New York financial regulator of trying to damage UK financial institutions, writing that he wondered about their motives for criticising the bank.
"You can’t help wondering whether all this beating up of British banks and bankers is starting to shade into protectionism."
Several MPs have hit out at US regulators after they accused Standard Chartered of laundering money on behalf of the Iranian government.
Labour's John Mann, who sits on the Treasury Select Committee, claimed there was “increasing anti-British bias by US regulators and politicians”, while his colleague Pat McFadden said the idea that New York was "some kind of perfect financial nirvana" was inaccurate.
Tory MP Sam Gyimah described the report into Standard Chartered as "inflammatory" and fellow Conservative Kwasi Kwarteng suggested US regulators might be "looking for a high-profile scalp".