In a proactive step, Innovate Finance has articulated its vision in response to HM Treasury’s recent call for strategies on refining and gauging the success of UK financial regulators’ new competitiveness objectives.
This dialogue comes on the heels of the Financial Services and Markets Act, which mandates the FCA and PRA to amplify the global competitive edge of UK’s financial services. Integral to this is the Treasury’s authority to frame key performance indicators for success.
But what does true competitiveness look like in this rapidly evolving sector? According to Innovate Finance, it pivots on championing fintech innovation. Its detailed recommendations shed light on the tactical measures needed to translate this vision into reality.