With technology rapidly transforming the financial services sector, the CBI’s report Funding our future outlines the need for an agile and robust UK regulatory and taxation regime to deal with new challenges, risks and demands.
The report puts forward nine clear policy recommendations grouped into three key themes to enable financial services to deliver prosperity across the UK by:
- Putting customers first
- Maintaining a global horizon
- Embracing innovation.
The next stage of CBI’s 'Funding our future' advocacy campaign will be a forthcoming roundtable with Sam Woods, Deputy Governor of the Bank of England and CEO of the Prudential Regulation Authority on 17 September.
Our engagements
The campaign has so far engaged City Minister John Glen MP, Andrew Bailey, CEO of the FCA, Welsh Finance Minister Rebecca Evans AM, Scottish Trade, Investment and Innovation Minister Ivan McKee MSP and The Rt Hon Nicky Morgan MP in her former capacity as the Chair of the Treasury Select Committee. We have also engaged a number of Parliamentarians, Metro Mayors, and Combined Authorities through roundtables and dinner to use the CBI regional network to place financial services within local industrial at strategies.
These senior stakeholders value the CBI’s unique perspective, with the report and campaign which supports industry messaging from a whole economy perspective, landing well. The key themes of putting customers first, maintaining a global horizon and embracing innovation have featured across a number of government speeches, strategies and consultations.
Hungry for more?
As the campaign nears its end, we look forward to continuing to work with you to ensure the impact of financial services regulation and taxation on customers is fully understood. Please contact Chris Wilford, Head of Financial Services Policy, to find out more at [email protected].