This report reveals that regulatory compliance costs continue to rise for financial services firms, now representing over 13% of operating expenses. It offers practical recommendations to streamline compliance through technology and collaboration.
Our work is focused on the priorities of our members and where our cross-sectoral remit can add the most value - international trade and investment; long-term competitiveness; UK regions and nations; industry trust and reputation and sustainability. We provide a wide range of research that helps shape the debate and influence policy for UK-based financial and related professional services.
The IRSG’s 'Global Regulatory Coherence Dashboard' report highlights key areas where the UK can lead in promoting global alignment, such as sustainable finance and operational resilience, while addressing growing fragmentation in emerging areas like digital assets, AI, and data flows.
The government’s goal to cut regulatory burdens under the SM&CR by 50% is welcome, provided high standards are upheld and the proposals deliver real impact.
Our response supports the government’s aim to reform the framework governing the Financial Ombudsman Service (FOS) to keep its focus on providing simple and impartial dispute resolution.
We have submitted our response to the Transition Finance Council’s consultation on entity-level Transition Finance Guidelines, welcoming the opportunity to contribute to a credible, interoperable and proportionate transition finance framework.
We have submitted two responses to UK government consultations—on sustainability reporting standards and transition plan requirements—welcoming the opportunity to contribute to these key components of the UK’s sustainable finance framework.
Our latest annual report sets out the activity undertaken and outcomes achieved over the previous year to champion and support the success of the UK-based financial and related professional services industry.
We support the development of a Smart Data ecosystem in the UK, leveraging the Data (Use and Access) Act (DUA Act) to facilitate secure and transparent data sharing. The UK financial services industry is already a global leader in Smart Data initiatives, and DSIT should consider our industry’s experience with Open Banking as a blueprint for wider reform.
Our latest policy paper sets out how the UK can lead globally by making its NDC investable through five key success factors across three strategic pillars.
We support the principles of greater English devolution, particularly the expansion of the metro mayor model, and sets out some constructive ways in which this could be achieved, building on the recommendations in our recent Enabling growth across the UK report.