By adopting a practical approach to regulatory change, and providing certainty to financial services businesses, the UK’s regulatory model will cement its already world-leading status and be primed to adapt in a shifting political climate as a smarter, more fit for purpose regulatory infrastructure.
This will empower the industry to fulfil its potential as an enabler of growth, and encourage prosperity and opportunity for everyone. The CBI is not calling for less regulation, but smarter regulation.
In this report, we offer achievable, pragmatic recommendations that will help shift our financial services regulators’ approach towards change. We are at a critical juncture, and there has never been a more important time to provide the regulatory certainty that our financial services sector so desperately needs.