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Responding to the Chancellor Rishi Sunak's ambition for the future of the UK's financial services, Bob Wigley, Executive Chair of UK Finance said:
Making our financial system the safest and most transparent place in the world to conduct business is vital for the UK's future global success. The creation of a strong but proportionate regulatory framework would enhance the banking and finance sector's competitiveness and make the UK attractive for international investment, while maintaining robust levels of customer protection. At the same time, the sector recognises the importance of creating a resilient financial system in helping the UK deliver on its net-zero commitment by 2050, cementing its role as a world-leading green finance hub.
<ul><li>For more information please call the UK Finance press office on 020 7416 6750 or email <a href="mailto:press@ukfinance.org.uk">press@ukfinance.org.uk</a></li> <li>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.</li> <li>UK Finance has taken a number of proactive steps in supporting a just transition. It has founded the Sustainability Committee, which will act as a focal point for UK Finance?s discussion on climate risk, green finance and sustainability; helped ensure almost 500 financial institutions - and over 1,000 corporates in all - committed to working with the Financial Stability Board?s Task Force on Climate-related Financial Disclosures (TCFD); and is one of the signatories of the UN Principles for Responsible Banking. UK Finance?s response to the Just Transition report can be found <a href="https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.u…;. </li> <li>UK Finance?s consultation response to HM Treasury Payments Landscape Call for Evidence can be found <a href="https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.u…;. A blog can also be found <a href="https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.u…;. </li> <li>UK Finance?s response to the introduction of the Financial Services Bill can be found <a href="https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.u…;. </li> </ul><p>UK Finance?s response to HM Treasury?s proposals to protect the future of cash can be found <a href="https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.u…;. </p>
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