UK Finance

This week our Director, Public Affairs, Ben Ruffels attended the #IFGS conference - part of UK Fintech Week 2025 - to discuss growth and innovation in financial services with industry stakeholders.   In this article, Ben reflects on a key announcement during the week from the Chancellor of the Exchequer Rt Hon Rachel Reeves MP and the financial services regulators, as well as what we are doing, alongside members, to support the government’s growth and innovation agenda.   In our Plan for Growth publication, we champion a range of initiatives to further innovation in our sector: ➡️ Deliver the National Payments Vision with strong industry involvement. ➡️ Introduce proportionate cryptoasset rules for banks and new entrants alike. ➡️ Finalise a long-term regulatory framework for Open Banking. ➡️ Develop a digital wallet strategy that ensures fair competition. ➡️ Set out a clear plan to upgrade account-to-account payments. ➡️Revise #FCA safeguarding proposals to protect access and innovation. ➡️Issue a digital gilt to demonstrate leadership in tokenised markets. ➡️Legislate to launch the Private Intermittent Securities and Capital Exchange. ➡️System (PISCES) platform for private share trading. It was encouraging to see progress during UK Fintech Week in a number of these areas.    To read our Plan for Growth publication in full: https://lnkd.in/eiaerCE6.   #UKFinance #IFGS2025 #FinTech #Growth #OpenBanking 

We're excited to announce that Emad Aladhal, Director of the Retail Banking Directorate at the Financial Conduct Authority will be speaking at our Annual Mortgage Lunch on Thursday 22 May.   Emad’s insights will be invaluable for all attendees navigating today’s evolving mortgage landscape and highlights the critical role regulation will play in driving home ownership, safeguarding consumers, and supporting sustainable growth.   This popular event provides an opportunity for mortgage professionals to connect, exchange ideas, and build valuable relationships. We will feature guest speakers from across the industry, where you can gain valuable insights into market trends, regulatory developments, and best practices.   With limited spaces remaining, join us to catch up with peers, celebrate the successes of the mortgage industry, and grow your professional network. Table and individual bookings are available here: https://lnkd.in/eG7WtmbK   Thanks to our sponsor Finova and event supporters ISS Market Intelligence, Market Financial Solutions and PEXA UK   Charles Roe Karina Hutchins Ronnell Reffell Hannah Armstrong Stephanie S.

This week our Director of Primary Markets and Corporate Finance Julie S. took part in the latest TheCityUK’s Anglo-German Financial Services Dialogue.   It was interesting to hear discussions on the future of the EU-UK relationship and possible opportunities for the financial services sector.   The meeting was followed by lunch with Miguel Berger, the German Ambassador to the United Kingdom and Ruairi O'Connell OBE, Director of International at the Financial Conduct Authority.   With thanks to TheCityUK and Barclays for hosting.

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Join us on 2 June in London for Key Conversation: Fraud - a half-day event packed with expert insights, actionable strategies, and valuable networking opportunities. Throughout the day we'll dive into the pressing topics transforming fraud prevention, including: ➡️ Emerging cyber fraud threats impacting businesses and individuals ➡️ How AI is revolutionising fraud detection and prevention ➡️ Innovative strategies to combat money mules and criminal recruitment ➡️ Cross-sector collaboration as a key to mitigating risks and sharing best practices Don't miss this chance to connect, learn, and stay ahead in the fight against fraud. For more information and to secure your spot: https://lnkd.in/eMVWNWZ9.   #FraudPrevention #Networking #AI #CyberSecurity 

Yesterday Yvonne Deane Harte, our Director, Secondary Markets and Post Trade, Capital Markets and Wholesale represented #UKFinance at the Innovation Zero World Congress.   Speaking at a session about sustainable financing, Yvonne discussed how the capital markets can support clean tech innovations to stay continually funded from Seed to Scale and onwards.   In our recent Plan for Growth publication we outlined how important our capital markets are in helping government drive growth and prosperity in the UK: https://lnkd.in/eiaerCE6. You can also read our growth escalator brief, in our Growth Engine series, which summarises how we can strengthen the pipeline of UK growth companies: https://lnkd.in/eg87CXPi. 

Ahead of the government's consultation on Audit Reform and Corporate Governance Bill, we have published ‘Audit for Growth: Proportionality in Audit and Reporting’, a new audit policy paper which outlines proposals to modernise the UK's audit regime. Together with the Building Societies Association, The Quoted Companies Alliance and Association of Financial Mutuals, we are calling for proportionate reforms which will boost growth, investment and competition across the UK economy, while continuing to uphold trust in financial reporting. Eric Leenders, our Managing Director of Personal Finance and Prudential, Reporting and Taxation, said: “By focusing on smarter, simpler reporting and a more proportionate approach to corporate governance and audit, we can unlock competition and investment to benefit the economy as a whole.” You can read the paper, which outlines six key recommendations, and our press release on our website: https://lnkd.in/eFsxMjYh #UKFinance #ProportionateRegulation #Growth #CorporateGovernance #Audit #Policy

We are delighted to announce that Peter Kyle MP, Secretary of State for Science, Innovation and Technology, will be joining us as a keynote speaker at this year’s Digital Innovation Summit on 24 June.   As a champion for forward-thinking policy on AI, digital verification and wider digital transformation, Peter will share insights on how government, industry and regulators can collaborate to drive innovation and growth. The event brings together senior leaders and peers across payments, technology, compliance and innovation to explore the direction of travel for our sector. From the future of payments infrastructure to the growing role of tokenisation and data sharing, it’s a day designed to offer insight and fresh perspectives on the digital transformation shaping our work. Don’t miss your chance to be part of these exciting conversations. Tickets are limited so book your place soon. You can view the agenda and book your place: https://lnkd.in/eS4-stpP #UKFinance #DigitalInnovationSummit #DIS #Summit

Watch Ben Ruffels, our Director, Public Affairs, discuss the work that went into writing our Plan for Growth publication and the reforms that we want to see prioritised by the government and regulators. You can read our full Plan for Growth, which aims to help unlock the growth driving potential of financial services: https://lnkd.in/eiaerCE6   #UKFinance #PlanForGrowth #Policy #Growth #FinancialServices 

Don't miss the opportunity to enhance your expertise and protect your organisation by attending our upcoming risk training. Navigate the complexities of vendor risk, explore the impact of AI on your operations and stay ahead with forward-thinking insights.   📅 Third-Party Risk Management: Latest Trends and Techniques, 15 May: https://lnkd.in/gZ7PunYX   📅 GenAI and Operational Risk: Examining Risks and Opportunities, 27-28 May: https://lnkd.in/g6cuW3md   📅 Masterclass: Emerging Risks, 2 June: https://lnkd.in/ghNhsszD   #RiskManagement #ThirdPartyRisk #GenAI #OperationalRisk #EmergingRisks #Training