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LONDON, Dec 9 Reuters Britain set out 30 measures to overhaul the financial sector on Friday, including a repeal of 39;burdensome39; EU rules the government says will unlock investment and maintain the City of London as one of the most competitive financial hubs in the world.

The planned reforms also include a review of rules put in place following the financial crisis over a decade ago to make bankers accountable for their decisions and easing capital requirements for smaller lenders, after much lobbying by banks.

The City has been largely cut off from the European Union by Brexit, putting pressure on the government to ease rules as Amsterdam overtook London to become Europe39;s top share trading centre, adding to competition from New York and Singapore.

Leaving the European Union allows Britain to write its own rules, but as it hosts scores of international banks, it has little room to diverge radically from international norms.

The governments approach to reforming the financial services regulatory landscape recognises and protects the foundations on which the UKs success as a financial services hub is built agility, consistently high regulatory standards, and openness, the finance ministry said in a statement.

UK finance minister Jeremy Hunt will formally set out the plans at a…