Deloitte comments on Mansion House regulatory news
Commenting on regulatory changes announced at today’s Mansion House dinner, David Strachan, partner in Deloitte's EMEA Centre for Regulatory Strategy, said:
“The Chancellor’s recognition that we cannot take the UK’s standing as a global financial centre for granted will be welcomed. The country’s financial services sector has been saying for some time that the UK cannot be complacent in a world where so many other countries are seeking to grow their financial services markets.
“All parties – governments, regulators, the industry, and investors – need to work together to enhance the UK’s status as a country that’s open for business. The UK never set out to create a regulatory system that eliminated risk-taking, so those in the financial services sector will welcome an approach that is conducive to taking risk in a sensible and measured way.”
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