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Consultation paper on draft innovation policy for financial services

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The us government announced in its Productivity Plan 2015 that departments will soon be necessary to work with regulators to publish innovation plans by spring 2016. This announcement reflects the main element government make an effort to ensure the UK is giving support to the development of new business models and disruptive technologies, breaking down barriers to entry and boosting productivity. To get this done the UK’s regulation and enforcement frameworks must be agile enough to respond flexibly to continuing developments in new technologies and business that is disruptive.

The goal of this consultation would be to lay out ongoing and work that is proposed foster a supportive regulatory framework for financial services that enables innovation to flourish. keep reading