• insights-banner

    In the Press

The Fintech Times quotes Mark Bailey on Labour’s plan for financial services

The Labour Party's Financial Services Review outlines the party’s measures to boost the UK financial sector under a possible future Labour administration.

Its six policies prioritise fostering growth in regional financial centres, enhancing international competitiveness through innovative regulation and EU collaboration, strengthening consumer protection , financial inclusion and tackling fraud, promoting green investments and regulation, embracing fintech innovation, AI, open banking and digital currencies, as well as revitalising capital markets through pension reforms and supporting venture capital.

Mark Bailey, Partner, comments:

Labour's plan looks positively beyond the immediate contribution of financial services. It acknowledges that our financial sector plays a pivotal role in financing the transition to a net-zero economy and facilitating the growth and scalability of innovative green technologies through avenues such as lending, investment, and insurance. The success of the sector should rightfully be associated with the overarching goal of improving the economy and enhancing the lives of citizens.

A critical aspect highlighted in the paper is the importance of regulatory consistency, which is essential for both fintech companies and suppliers of technology to regulated firms. The paper's conclusion recognises that a strong and innovative financial sector has historically underpinned the UK's economic success in past centuries and can continue to do so in the future.  From a technology perspective, Fintech operates on an international scale, necessitating alignment with other key regulations, particularly in the US and EU, such as the Digital Operational Resilience Act.  AI and  cyber regulation will also need to be closely considered and aligned to ensure a safer future for the UK.

Read the full article in The Fintech Times here.

Our thinking

  • IBA Annual Conference 2024

    Charlotte Ford

    Events

  • Design Rights and Bright Lights: M&S wins appeal over Aldi's bottle design

    Mary Bagnall

    Insights

  • Nick Hurley writes for People Management on the Liberal Democrats’ employment law proposals ahead of the General Election

    Nick Hurley

    In the Press

  • Gaining insights on forfeiture - Estates Gazette Q&A

    Emma Preece

    Insights

  • Changes to the time limits for enforcement

    Titilope Hassan

    Insights

  • Briefing Magazine quotes Joe Cohen in an article about process improvement in law

    Joe Cohen

    In the Press

  • Property Patter: Pre-Election Special

    Emma Humphreys

    Podcasts

  • Sarah Jane Boon quoted on the front page of The Times in relation to ONS marriage figures for England and Wales

    Sarah Jane Boon

    In the Press

  • Property Patter: Hotels

    Naomi Nettleton

    Podcasts

  • Employment Law & Worker Rights – The Labour Manifesto

    Nick Hurley

    Insights

  • Nick White and Sarah Johnson write for City AM on how Rule 40 affects marketing around the 2024 Olympic Games

    Nick White

    In the Press

  • Nick Hurley writes for People Management on the Conservatives' employment law proposals ahead of the General Election

    Nick Hurley

    In the Press

  • Is a Big Mac meat or chicken? Thoughts on the recent General Court decision

    Charlotte Duly

    Quick Reads

  • Tortious liability: Supreme Court brings relief for directors

    Olivia Gray

    Insights

  • Stephen Burns and Katie Bewick write for New Law Journal on shareholders’ rights after Zedra

    Stephen Burns

    In the Press

  • Rhys Novak writes for Solicitors Journal on what legal advisors need to know about dawn raids

    Rhys Novak

    In the Press

  • Employment Law & Worker Rights - The Conservative Party’s Manifesto

    Nick Hurley

    Insights

  • "Has anyone seen my cat?" - Pet-Nups and Pet Disputes between Unmarried Couples

    Jessie Davies

    Quick Reads

  • Employment Law & Worker Rights - The Liberal Democrats Manifesto

    Nick Hurley

    Insights

  • The Africa Debate: Africa’s role in a changing global order

    Matthew Hobbs

    Quick Reads

Back to top