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The review was led by former Wordplay chief Ron Kalifa and is the first of several intended to aid Prime Minister Boris Johnson’s government as it considers easing regulations on the financial industry. The UK s crown jewel was largely excluded from the British trade deal struck last year with the EU.
Mr Sunak believes the 75,000-strong UK fintech sector serves as a model of the flexible economy he wants to create.
“We want to be innovative, entrepreneurial, agile,” he told the Financial Times.
“We can do things differently after Brexit. We want to be open to the world, we want to be world class at things.”