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.
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 Selec