Please see below for stakeholder reaction to
the Chancellor’s Mansion House speech and Financial Services
and Markets Bill
Amanda Blanc, Chief Executive Officer, Aviva:
"This Bill will bring much needed
reform. We want to move fast to a new regulatory framework
for financial services and unlock the potential for greater
investment in the UK.”
David Duffy, Group Chief Executive Officer, Virgin Money
plc said:
"Virgin Money welcomes the vision that the Chancellor set out
last night to create a more open, green, competitive and
technologically advanced sector. The new Financial Services and
Markets Bill will bring about significant change to our industry,
and we look forward to working in partnership with the Government
as it delivers on its ambition to create one the most dynamic
financial centres in the world.”
Chris Cummings, Chief Executive, the Investment
Association said:
“The Chancellor's commitment to ensure the
UK sets the standard for financial services globally is good news
for savers and investors. We welcome the government’s aim to
deliver new economic growth through harnessing innovation and
ensuring the UK remains the most inclusive, open and transparent
place to do business in the world.”
David Postings, Chief Executive of UK Finance,
said:
“The Chancellor’s vision in his Mansion
House speech is for the UK to have a strong and internationally
competitive banking and finance sector, which we strongly
welcome.
A successful financial services sector is critical for achieving
economic growth and benefits the whole country – it is one of our
most important industries, delivering jobs, investment and growth
across every region.
To ensure the sector continues to be successful, alongside
maintaining the pace of reform, there needs to be a keen focus on
international competitiveness from the next government.”
Notes to editors
Financial Services and Market Bill: Financial Services Bill to
unlock growth and investment across the UK - GOV.UK
(www.gov.uk)
Mansion House Speech by Chancellor of the Exchequer: Chancellor Nadhim Zahawi
sets out post-Brexit transformation of UK financial services -
GOV.UK (www.gov.uk)
