"We must maintain our reputation not only as one of the most dynamic and innovative places to do business – but one of the most resilient and agile too," Hammond said in excerpts of a speech he was due to deliver later on Thursday.

Britain's finance ministry said it was responding to calls from businesses to coordinate the roll-out of new rules and to manage the impact of regulatory change from different agencies.

(Writing by William Schomberg; editing by Stephen Addison)