Following the announcement of Kwasi Kwarteng as the new Chancellor of the Exchequer, Miles Celic, Chief Executive Officer, TheCityUK, said:
“We congratulate Kwasi Kwarteng on his appointment as Chancellor of the Exchequer. We look forward to working closely with him to ensure the UK maintains its position as one of the world’s leading international financial centres.
“The financial and related professional services industry plays a key role in driving long-term economic growth and prosperity right across the country and underpinning UK competitiveness. It is a key national advantage and an underpinning of British soft power. We therefore urge the Chancellor to focus on delivering the reforms set out in the landmark Financial Services and Markets Bill, while also working with the industry to identify further opportunities for reform and improvement.”
Guest blog: Building the next generation of market infrastructure
In this guest blog, John Zecca, Chief Legal, Risk & Regulatory Officer at Nasdaq, explores how tokenisation, AI and digitally native investors are reshaping capital markets, and argues that the UK can lead this transition by moving from experimentation to implementation while maintaining market resilience, investor protection and international regulatory alignment.