Source · Select Committees · Financial Services Regulation Committee
Recommendation 97
97
Noting that innovation in the financial services sector often requires the implementation of new regulatory...
Conclusion
Noting that innovation in the financial services sector often requires the implementation of new regulatory frameworks, witnesses told us that the pace at which the FCA and the PRA develop new regimes to leverage growth opportunities is slow, which risks the UK falling behind competing jurisdictions.
Government Response
A response document is linked to this report, dated 3 September 2025. Response attribution to this conclusion has not been verified. Read the response document ↗