One year after its conception, the forum looks to the future regulatory framework for innovation.
10 Dec 2019, 2 min read
This year, the CBI launched its first financial services innovation forum - a quarterly meeting for FS firms, corporates and fintechs to discuss how technology can help financial services and the UK economy to grow.
These meetings encourage members to discuss and devise a regulatory framework for financial services innovation and give the CBI policy direction in this topic.
The CBI, in collaboration with the FS Innovation Forum, has now drafted a position paper to reflect how to build the right environment for financial services innovation. We’ll share our recommendations with the relevant regulators and government and will drive our whole economy approach, covering:
- The economic opportunities and risks innovation in financial services can bring, with a focus on risks to financial stability and the regional economic impact
- The impact that innovation has at firm level, discussing the new business models and competition in the market
- Key recommendations for a regulatory framework fit f
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