Preventing economic crime  

On 12 December we held our flagship Economic Crime Congress, in partnership with LexisNexis Risk Solutions, at the Business Design Centre. With over 550 attendees, the event featured fantastic keynote speeches, panel discussions, fireside chats and workshops on a range of topics including the recent Authorised Push Payment fraud reimbursement rules, crypto in economic crime, and sanctions. Thank you to all those who attended, our sponsors and speakers. 

This month we supported BBC Scam Safe week. Designed by the BBC to put a spotlight on what the public can do to protect themselves from fraud and scams, our Take Five to Stop Fraud and Don’t Be Fooled campaigns, DCPCU work and fraud data featured throughout the week on a wide variety of shows including BBC Breakfast, BBC News, BBC Morning Live and radio. 

Transitioning to Net Zero  

We held our quarterly Sustainability Committee meeting on 12 December, where the Department for Energy Security and Net Zero (DESNZ) spoke about the government's sustainable finance announcements at Mansion House. Our engagement with government and regulators intensified this month amid a busier regulatory agenda, with engagements with HM Treasury and DESNZ on sustainable finance, the Warm Homes Plan, taxonomy, disclosures and transition planning. 

We welcomed the final advice prepared by the Technical Advisory Committee to the Business Secretary on adoption of international sustainability (ISSB) standards. The advice recommends implementing the standards in full, a position UK Finance has long backed, and which will help to provide useful information to lenders while minimising reporting burden. On 10 December, the Bank of England and Financial Conduct Authority (FCA) joined a meeting of the Climate Disclosure Code Working Group, where members were able to feedback views on regulators' plans for implementing the ISSB standards. 

We are responding to the government's announcements at Mansion House, including a consultation gathering views on the use cases and value of a UK Green Taxonomy as part of a wider sustainable finance framework. It is a win for the industry that the government is taking a more open approach to this policy measure. 

Enabling digital innovation    

We shared a video overviewing our recent Regulated Liability Network (RLN) Hackathon event at EY’s FinTech Lab, which brought together financial institutions and FinTechs. Supported by technology partners R3 and Quant, the two-day event saw participants provide a range of innovative ideas for both retail and wholesale customers, all leveraging the RLN ‘platform for innovation’. From utilising corporate IDs and digitally certified credentials to tackling the growing challenge of Authorised Push Payment (APP) fraud from online marketplaces, to increasing access to carbon credits for investors, it was great to hear such amazing ideas.  

Upcoming events and training 

Join us at our events next year for an exciting line-up of opportunities to meet peers, network and celebrate. Stay informed on the latest developments, tackle challenges together, and share the achievements shaping our sector.  

We are offering 2024 prices for any event that is booked before 14 February. Register your interest to be the first to hear about our 2025 events programme.  

Plus, we are now taking bookings for our Digital Innovation Summit 2025. On 24 June 2025, join industry leaders, policymakers, and decision makers for a day of actionable insights, transformative ideas, and unparalleled networking opportunities.  You can book your tickets on our website.   

You can find the full programme of training on our website. Contact us at training@ukfinance.org.uk if you have questions or need any help registering.