By Huw Jones LONDON (Reuters) – Britain’s financial services minister said he respected the operational independence of the country’s financial watchdogs, but ministers should have room to intervene if they need to. A draft financial services and markets bill (FSMB) is before parliament for approval, giving UK financial regulators powers to amend rules inherited from the European Union, reform capital rules for insurers and introduce Britain’s first set of rules for stablecoins. But lawmakers worried that some provisions, such as requiring regulators to take the City’s competitiveness into acc…