The CBI is currently developing an engagement programme, including FS Innovation Forum meetings, roundtables and position papers. We greatly welcome feedback from members on topics of interest and priorities for the year.
CBI FS Innovation Forum
The CBI financial services innovation forum is a quarterly meeting for FS firms, corporates and fintechs to discuss how technology can help financial services and the UK economy grow.
The 2020 dates for the FS Innovation Forum are:
11 March, 15:00-16:30h
9 June, 8:30-10.00h
10 September, 8:30-10.00h
3 December, 15:00-16:30h
Call for participation: Open Finance and Data Collection
The CBI is actively working on financial services innovation policy and will respond to the following consultations:
- FCA Call for Input: Open Finance.
The FCA has published a Call for Input to explore the potential to extend open banking principles to give consumers and businesses more control over a wider range of financial data (such as savings, insurance, mortgages, investments, pensions and consumer credit).
The deadline for submissions is 17 March 2020.
- Bank of England Discussion Paper on Transforming data collection from the UK financial sector.
This paper explores the use of regulatory data over the next decade and seeks ways to decrease the burden on the industry and to increase the timeliness and effectiveness of data in supporting supervision.
The deadline for submissions is 7 April 2020.
Please contact Ana Gallego if you would like to get involved.
The Bank has also announced the creation of industry groups and is interested in speaking to individuals who can contribute in the regulatory reporting, technology and data sectors.
Further information can be found in this link.
- FCA Call for Input - data analytics in wholesale financial markets.
The FCA is using its Call for Input to better understand how data and advanced analytics are being accessed and used, the value offered to market participants and whether they are competitively sold and priced.
The deadline for responses is 1 May 2020.
Please contact Ana Gallego if you would like to discuss this call for input further.