The UK's fintech sector is due to get a major boost in reforms suggested as part of the Kalifa Review of UK Fintech. These reforms are part of a suite of legislative reviews launched by the UK government to enhance the competitiveness of the UK market in the area of digital finance post-Brexit. The Review is intended to catalyze growth in the UK fintech sector and provides recommendations to ensure the UK maintains its position as a world leader in financial services as the sector undergoes a technological revolution and it remains the best place in the world to start and grow a fintech business. While recent HM Treasury consultations have sought to implement individual regulatory changes, the Kalifa Review is a high-level strategic document seeking to identify threats and opportunities for the UK fintech sector and to create a facilitative and permissive environment for the industry to thrive.
David Cameron insists he complied with rules when lobbying Government on behalf of Greensill Capital dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.
Former Tory prime minister David Cameron has broken his silence on the lobbying scandal surrounding himself and Lex Greensill DAVID Cameron has accepted he should have communicated with the Government “through only the most formal of channels” as he acknowledged he made mis-steps over the Greensill Capital lobbying controversy. In his first comments after weeks of silence, the former prime minister said in a statement that having “reflected on this at length” he accepts he should have acted differently “so there can be no room for misinterpretation”. The “growing scandal” began after it emerged the former Tory leader privately lobbied current government ministers including Chancellor Rishi Sunak for access to an emergency coronavirus loan for his employer, the scandal-hit financier Lex Greensill.
Charlotte Crosswell Announces Exit as CEO of Innovate Finance
Charlotte Crosswell, the CEO of
Innovate Finance, has announced she will step down from her position on May 1, 2021. Janine Hirt, Innovate Finance’s Chief Operating Officer will become interim CEO at that time.
Crosswell has led the Fintech advocacy group since 2017 playing a key role in the growth of Fintech in the UK. The UK has long been viewed as the top Fintech hub in the world due to an entrepreneurial population and a regulatory environment that was more conducive to innovation in financial services. In recent years the Fintech industry has been challenged by the UK’s separation from Europe and the migration of some aspects of financial services to continental Europe. Additionally, some policymakers have cooled on areas of Fintech thus slowing sector growth. Under Crosswell’s leadership, Innovate Finance has championed the digital transformation of financial services by both early-stage ventures and tradit
UK open finance: FCA proposes industry-led phased approach | Hogan Lovells jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.