UK Finance publishes financial services manifesto

UK Finance has set out what it considers should be the next government’s key financial services priorities. These include:

  • reviewing personal savings allowances;
  • focus on financial education through the schools curriculum;
  • tackle financial abuse;
  • extend the Growth Guarantee Scheme;
  • introduce new anti-fraud and scams legislation drawing on the Fraud Charter;
  • make tech, social media and telecoms companies contribute to the cost of tackling economic crime and fraud reimbursement;
  • issue a digital HM Treasury-backed gilt to encourage securities tokenisation to develop;
  • create a Government Champion for Competitiveness to provide a yearly report to Parliament on the burden of financial services regulation and its impact on different types of firm; and
  • use the Berne agreement as a blueprint for other international cooperation agreements.

Emma Radmore