UK Finance responds to Andrew Bailey speech on future of financial conduct regulation

Responding to Chief Executive of the Financial Conduct Authority Andrew Bailey's speech today on the future of financial conduct regulation, Stephen Jones, Chief Executive of UK Finance, said:

?We strongly support Andrew Bailey's vision for the future of financial regulation in the UK, with a coordinated regulatory approach centred on competition and delivering the best outcomes for consumers.

?We will continue working closely with the relevant regulators and government to secure the UK's place as the safest and most transparent place for financial service providers to serve customers, harness innovation and build successful, socially useful businesses.?