Budget 2020: 'Major' review of fintech sector launched

Collaboration with Government and industry to improve sector

Beth Brearley
clock
The Government will also extend funding for the Fintech Delivery Panel
Image:

The Government will also extend funding for the Fintech Delivery Panel

The Government has pledged to support the UK’s "world-leading" fintech sector and the wider digital economy in today's Budget, announcing a "major" review of the UK fintech sector led by Ron Kalifa, non-executive director, court of directors at the Bank of England.

The review will identify what additional measures the industry and the Government can do to support growth and competitiveness, to ensure that the UK maintains its global leadership in this vital sector. The Government will also extend funding for the Fintech Delivery Panel, as well as touring the regions and nations of the UK to showcase its diverse range of fintech firms. Government eyes 'streamlined' overseas fund access post Brexit Meanwhile, the Government said it "looks forward to the publication of the Bank of England's discussion paper on a possible UK central bank digital ...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot