ABI Director General, Hannah Gurga, responds to the Chancellor's Mansion House Speech:
"The Chancellor’s endorsement of financial services as the engine driving the Government’s growth mission is a powerful validation of our sector’s role. Smart regulation will sharpen our global competitiveness and unleash our industry's full growth potential whilst also ensuring customers are protected."
In response to the Chancellor's Leeds Reforms to rewire the financial system, boost investment and create skilled jobs across the UK, Hannah says:
“The Leeds Reforms set a constructive and positive path to accelerating investment and growth in the UK economy. Closer alignment between the FOS and FCA, alongside a streamlined Senior Managers and Certification Regime, are critical steps towards delivering the clarity and regulatory environment our industry needs to thrive. It's encouraging to see the vision set out in the Financial Services Growth and Competitiveness plan, and we look forward to working with the government, regulators and wider industry to help cement the UK’s status as the world’s leading financial centre."