Financial Services and FinTech
In this session, the UK Trade and Business Commission met to hear from experts who can outline what the UK Government can do to support the growth of Financial Services and FinTech industries.
The UK is widely recognised for its world leading finance sector. The industries in this sector have been particularly important for UK economic growth for the past thirty years but face new challenges post-Brexit. This session gathered evidence with the aim of gaining an understanding of the challenges, priorities, and future opportunities in finance and financial innovation from a panel of six leading experts.
The UKTBC found that the financial sector is facing unprecedented regulatory uncertainty and furthermore is being undermined by a workers and skills shortage. The UKTBC further highlight the significance of these shortcomings given the importance of the financial sector to the UK economy as a whole.
Witnesses
PANEL 1:
WILLIAM WRIGHT, Founder and Managing Director, New Financial
PROFESSOR SARAH HALL, Professor of Economic Geography, University of Nottingham
JEREMMY OKONJO, Assistant Professor, University of Warwick School of Law
PANEL 2:
HARRY WEBER-BROWN, Digital Innovation Director, TISA UK
MARTINA GARCIA, CEO, Centre for the Study of Financial Innovation
PETER CUNNANE, Director of International & National Initiatives, Innovate Finance