TheCityUK responds to proposed regulatory reforms in Financial Services

The UK government has set out how it intends to approach a range of important regulatory reforms in the process of being implemented at the international and European level now the UK has left the EU.

Commenting on the proposals, Miles Celic, Chief Executive Officer, TheCityUK, said,

The UK is host to one of the world’s leading international financial centres, which is a true national strategic asset. To continue that success, the UK must remain open, competitive and consistent. This roadmap will help to reassure firms and provide the clarity they need to plan for the future. Firms and foreign investors have always appreciated the high quality and technical nature of the UK regulatory regime. It is important that is maintained and that there are ongoing opportunities for consultation and dialogue. We look forward to working with the government to take this forward.”