HM Treasury has published a consultation paper on an innovation plan for financial services, which sets out ongoing and proposed work to foster a supportive regulatory framework for financial services that allows innovation to flourish. The plan covers three key issues: (i) how new technology is shaping financial services; (ii) how financial services regulators are adapting to new technologies and disruptive business models to encourage growth; and (iii) how financial services regulators are better utilising new technologies to generate efficiency savings and reduce burdens on business. HM Treasury is seeking views on how the work of financial services regulators supports innovative technology and new business models. Comments are invited by May 2016.
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Treasury consults on innovation plan
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