City of London: Response to the Financial Services and Markets Bill receiving Royal Assent

30 June 2023

Hayward “It is fantastic to see the Financial Services and Markets Bill receive Royal Assent. This bill presents us with a huge opportunity to ensure the UK’s world-leading financial service ecosystem remains open, innovative, and attractive to global talent...."

Policy Chairman of the City of London Corporation, Chris Hayward, said: 

“But the work mustn’t stop here. The new secondary growth and competitiveness objectives for regulators in the bill must lead to changes in culture, training, regulation, supervision, metrics and accountability. What gets measured gets done, so it’s important that the regulators have clear and appropriate targets and objectives.”

City of London

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