Commenting on the Financial Services Bill announced in the King’s Speech today, Karim Haji, Global and UK Head of Financial Services at KPMG, said:
“Amid the current political uncertainty, UK financial services will be reassured to see measures that will streamline our regulatory bodies, reform consumer protection rules and simplify the Senior Managers and Certification Regime, which all send a clear message to the sector and the world – the UK is open for business and positioned for growth. Regulation is progressing at pace in areas of potential high risk, like digital assets, while in other areas there is room for simplification to keep the UK in step with other leading global financial centres. The measures show ambition and pragmatism, with clear priorities so firms can deploy capital with confidence.”
