Board of Directors

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.

TheCityUK summarises a response to the FCA and Bank of England’s joint call for input on the future of tokenisation in UK wholesale financial markets. It welcomes the authorities’ vision while calling for faster implementation, greater legal and regulatory certainty, and continued collaboration to strengthen the UK’s global leadership in tokenised markets.

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.