UK-Italian Financial Services Dialogue

This report sets out an industry-led agenda to strengthen UK–EU cooperation in financial and related professional services. Drawing on consultation with our members, it identifies practical steps to reduce friction, improve predictability and support shared European priorities

Islamic finance one of the fastest growing segments of the global financial system. Our report highlights that although the UK has a strong track record in attracting Islamic investment, to ensure it maintains its competitive edge and status as a leading western hub in the sector, government and industry need to act with greater pace, coordination and ambition as competition from other markets intensifies.

Our response recognises the growing risk of adverse economic pressure, but argues that the government has not made a sufficiently robust case for broad new powers to restrict cross-border trade, investment, intellectual property or procurement.