On 26 February 2021, Ron Kalifa published his independent review of UK FinTech, commissioned by the Chancellor of the Exchequer. Innovate Finance and the City of London served as the co-secretariat for this report.
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Recent regulatory developments of interest to most financial institutions, including updates from the UK government, PRA, FCA, JMLG and the European Commission.
Contents
UK FinTech and financial services plans
LC&F compensation scheme and complaints to FCA
Lessons from Greensill Capital: Treasury Committee inquiry
Diversity: BoE launches Meeting Varied People initiative
PRA authorisations: updates on rule waivers and modifications and CRR and Solvency II permissions
UK Investment Firms Prudential Regime: FCA second consultation CP21/7
FCA transformation programme: update to HM Treasury
FCA appoints sustainability and technology directors
FCA regulated fees and levies for 2021/22: CP21/8
Flight path
Department for International Trade announces package of export support for world-leading Fintech industry to boost trade, jobs and economic growth.
Support includes bespoke FinTech Export Academy and FinTech Export Champions scheme to provide 1-2-1, sector-specific advice.
FinTech sector employs around 76,500 people in the UK and is worth more than £11 billion to the economy.
Promoting the UK as a global hub for FinTech and digital service, the Department for International Trade (DIT) has announced a series of measures that will help boost our presence in overseas markets.
Marking this year’s UK FinTech Week, new support for the industry will help businesses more directly, making sure that they have the capabilities to export their products so UK firms can become world leaders in Fintech and industries of the future.
Exporting boost to UK FinTech sector to help build back better gov.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gov.uk Daily Mail and Mail on Sunday newspapers.