The IRSG welcomed the opportunity to respond to HMT’s consultation on the value and use cases for a UK taxonomy, as part of the UK’s wider sustainable finance framework. The IRSG believes that it will be important for the government to consider whether proceeding with a UK taxonomy is necessary for the UK to become a world-leading destination for sustainable finance. Alongside this, the government must assess whether introducing a UK taxonomy would maintain and enhance the UK’s position as an internationally competitive and attractive destination for companies to invest and do business, which has a fundamental role to play in delivering sustainable economic growth.
TheCityUK response to FCA consultation paper 25/14: 'Stablecoin Issuance and Cryptoasset Custody'
Our response supports the FCA's aim to bring certain stablecoin activities within the UK’s financial regulatory perimeter. However, our response highlights some key considerations to ensure the future framework is a proportionate, effective and globally competitive regime.