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

“We support the FCA's initiative to spark a vital debate on risk and growth appetite within the sector. As we have consistently said, the UK must overcome its allergy to risk to boost the UK's global competitiveness and ensure we remain the world's leading financial hub. 

“A closer focus on economic and productivity growth will be crucial in demonstrating to the world that the UK is open for business. 

“The City of London Corporation is already working with the FCA and others to establish a concierge service to make it easier for firms to navigate regulation and overcome barriers to investing in the UK. 

“Industry regulators and Government working together will ensure that the UK remains on the front foot in the race for global growth.”