Writing Essay

Consultation paper on draft innovation arrange for financial services

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Background

The government announced with its Productivity Plan 2015 that departments is likely to be required to make use of regulators to create innovation plans by spring 2016. This announcement reflects the main element government aim to ensure the UK is supporting the development of new business models and disruptive technologies, breaking down barriers to entry and productivity that is boosting. To work on this the UK’s regulation and enforcement frameworks needs to be agile enough to respond flexibly to continuing developments in new technologies and business that is disruptive.

The objective of this consultation is always to lay out ongoing and work that is proposed foster a supportive regulatory framework for financial services which allows innovation to flourish. (more…)