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Klarna Eyes U.K. Finance Rules as Factor in Blockbuster IPO

  • CEO says quarterly reporting requirements would hamper culture
  • Payments firm is priming for central bank digital currencies
Bloomberg business news
Central Bank Digital Currencies Could Facilitate Fairer Online Payments, Says Klarna CEO
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Europe’s most valuable startup, Klarna Bank AB, said its decision on whether to move ahead with a blockbuster listing in London hinges on the U.K. government’s post-Brexit financial services regulation.

The Swedish payments company’s Chief Executive Officer Sebastian Siemiatkowski hopes the British government “follows the lead of Singapore” in easing the burden of red tape on the industry. He wants rules that allow customers to “shift banks in the click of a button.”