Response to the Financial Services and Markets Bill receiving Royal Assent

News Release

City of London Corporation

29 June 2023

Policy Chairman of the City of London Corporation, Chris Hayward, said: 

“It is fantastic to see the Financial Services and Markets Bill receive Royal Assent. This bill presents us with a huge opportunity to ensure the UK’s world-leading financial service ecosystem remains open, innovative, and attractive to global talent.

“But the work mustn’t stop here. The new secondary growth and competitiveness objectives for regulators in the bill must lead to changes in culture, training, regulation, supervision, metrics and accountability. What gets measured gets done, so it’s important that the regulators have clear and appropriate targets and objectives.”



Notes to Editors:

The City of London Corporation is the governing body of the Square Mile dedicated to a vibrant and thriving City, supporting a diverse and sustainable London within a globally-successful UK. www.cityoflondon.gov.uk