UK Finance responds to the publication of the Financial Services and Markets Bill
Responding to the publication by the government of the Financial Services and Markets Bill, David Postings, chief executive of UK Finance, said: “We welcome the publication of the Financial Services and Markets Bill which represents a once in a generation opportunity to improve regulation, enhance consumer protection and create a more competitive financial services sector. Ensuring the sector is successful will allow it to continue to support jobs, investment and growth up and down the country.
“The UK is renowned for its high regulatory standards and this Bill rightly ensures these are maintained. It also sends a clear signal to the rest of the world that the UK is open for business by assigning regulators a secondary competitiveness objective.”