Industry response

Response to HMT draft innovation plan for financial services

BSA response to HM Treasury draft innovation plan for financial services
HM Treasury published a consultation looking at how the Treasury, Bank of England, Prudential Regualtion Authority and Financial Conduct Authority are looking to promote innovation. In the BSA's response (marked confidential), we pointed out that regulation remained the biggest barrier for our members and while technology could potentially lessen this load in the future, in the short term it remained a major burden on resources.

You can read the response here.