Our Priorities

UK Finance is the collective voice for the banking and finance industry. Representing more than 250 firms across the industry, we act to enhance competitiveness, support customers and facilitate innovation.

Our Purpose

To champion a thriving banking and finance industry, acting always in the best interests of consumers, businesses and wider society.

Our Objectives

  • Enhancing competitiveness
  • Supporting customers
  • Facilitating innovation

Our Values

  • Integrity. We act transparently and ethically for the good of our members as well as their customers and wider society. We seek to enhance trust in the banking and finance industry.
  • Excellence. We lead from the front as a beacon of quality, inspiration and best practice.
  • Leadership. We are proactive and innovative in helping to shape tomorrow’s banking and finance landscape.

2021: Our Strategic Priorities

We drive actions across the banking and finance industry to support consumers and businesses in their day to day activities, developing solutions to ensure present and future growth and financial security.

Promoting and delivering a long-term approach through establishing clear non-financial public KPIs against which performance is measured

Ensuring households, home ownership, financial inclusion, access to finance, and sustainable growth are all at the centre of our work

Addressing financial vulnerability and persistent debt

Working in partnership with the public sector, NGOs and relevant industries to tackle shared global challenges of the Covid-19 fallout, economic crime, rapid technological advancement and changing demographics

Providing consistent support adaptable to the changing circumstances and needs of businesses and consumers

We focus on maintaining the competitiveness and success of the UK banking and finance industry on the global stage following the UK’s departure from the EU.

Preserving and enhancing the UK’s position as a leading global centre for finance and innovation

Advocating our members’ priorities for any trade/market access arrangements between the UK and other jurisdictions globally post-Brexit

Attracting, retaining and developing the best talent for the industry as it evolves

We represent our members’ interests in the development of the regulatory framework for financial services as the needs of consumers, businesses and industry evolve.

Promoting better coordination of regulatory interventions by UK bodies with jurisdiction over the finance and banking industry

Responding to the challenges identified by the Bank of England’s review of the Future of Finance

Informing HM Treasury’s financial services future regulatory framework review, particularly to promote proportionality of regulation in line with systemic importance

Supporting the development of global standards and promoting regulatory convergence in their regional implementation

Ensuring the appropriate alignment of UK regulation and supervision with the EU, US and other major jurisdictions

We promote digital innovation across the banking and finance industry in a responsible, inclusive and ethical way that offers enhanced benefits while protecting customer data.

Developing and enhancing payments systems for the benefit of customers

Helping members adapt to rapid technological change while maintaining high customer service standards

Supporting the responsible adoption of machine learning and artificial intelligence

We want the UK to be the safest and most transparent country in the world from and in which to do financial business.

Tackling economic and cyber crime in partnership with the public sector and other industries

Protecting customers and members from fraud

Highlighting the societal cost and impact of financial crime and supporting solutions in areas such as modern slavery, human trafficking and terrorism

Strengthening the operational resilience of members and the sector as a whole

Working with members to facilitate the transition from LIBOR to SONIA

We help the banking and finance industry play a key role in supporting a sustainable future as firms embed climate risk and green finance into the heart of their business models.

Supporting businesses to adapt to the changing requirements and impacts of a net-zero carbon economy, including engaging with legislators and regulators on the expectations being placed on firms

Encouraging members to commit to non-financial disclosures and take a longer-term approach

Promoting solutions on green finance that address the needs of society and the environment

POLICY AND GUIDANCE

We aim to ensure members have access to the information and tools needed to adapt and thrive, while meeting regulatory and compliance obligations.

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