Commenting on 12 months from the launch of the Edinburgh Reforms, Karim Haji, global and UK head of financial services at KPMG said:
“One year on from the launch of these reforms, we can certainly point to a promising direction of travel in establishing a new framework in which our regulators can do their job. While the Treasury Committee has highlighted that change is not happening quickly enough, part of the attractiveness of the UK is that our regulatory system is relatively stable and regulators consult widely on proposed changes. We shouldn’t lose the value of this for the sake of meeting artificial deadlines. But government, regulators and financial services sector need continue to devote resources and momentum needs to be increased to delivery positive change for the UK economy.”
