Kay Swinburne comments on Edinburgh Reforms

Dr Kay Swinburne, Vice Chair of KPMG UK’s Financial Services practice, comments:

Dr Kay Swinburne, Vice Chair of KPMG UK’s Financial Services practice, comments:

“While the majority of these reforms have been trailed before, they represent a step towards futureproofing the competitiveness and long-term growth of the UK’s Financial Services industry while seeking to maintain standards.

“The UK’s laws and regulations are, in large part, what makes the UK an attractive place to do business, so the reforms are a step closer to making regulation more efficient rather than a race to the bottom.

“The proposed data-led reviews are a welcome way of ensuring any changes going forward are both necessary and meaningful.”

 

ENDS

For media enquiries, please contact:

Helen Jackson

Senior Media Relations Manager for Financial Services, KPMG

M: 07901 111 5649

helen.jackson@kpmg.co.uk

KPMG Press Office: 020 7694 8773

 

About KPMG UK

KPMG LLP, a UK limited liability partnership, operates from 20 offices across the UK with approximately 15,300 partners and staff. The UK firm recorded a revenue of £2.43 billion in the year ended 30 September 2021.

KPMG is a global organization of independent professional services firms providing Audit, Legal, Tax and Advisory services. It operates in 145 countries and territories with more than 236,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

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