Responding to the FCA's update on its enforcement transparency proposals, Miles Celic, OBE, Chief Executive Officer, TheCityUK, said, “The FCA’s decision gives firms and investors greater certainty and predictability, which is good for the UK’s international competitiveness and wider economic growth. It is hugely positive that the FCA has been willing to proactively and constructively engage with industry on this issue - especially given the significant impact the proposed changes would have had on the UK’s status as a world-leading international financial centre. We look forward to continuing this positive engagement to support their commitment to the competitiveness of the UK’s regulatory environment and the government’s growth mission.”
International capital: what’s in an acronym?
In this blog Anjalika looks at how the UK’s international capital story extends beyond foreign direct investment (FDI). She explains why volatile annual FDI figures tell only part of the picture and highlights the wider role of foreign portfolio investment and cross-border deposits in supporting the UK economy and its position as a leading international financial centre.