Consultation paper on draft innovation plan for financial services

Consultation paper on draft innovation plan for financial services

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Background

The federal government announced in its Productivity Plan 2015 that departments is supposed to be required to work with regulators to create innovation plans by spring 2016. This announcement reflects the key government make an effort to make sure the UK is supporting the growth of new business models and disruptive technologies, breaking down barriers to entry and productivity that is boosting. To do this the UK’s regulation and enforcement frameworks needs to be agile adequate to respond flexibly to continuing developments in new technologies and business that is disruptive.

The purpose of this consultation would be to lay out ongoing and proposed work to foster a supportive regulatory framework for financial services which allows innovation to flourish. (بیشتر…)

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