Financial services
A healthy economy needs a healthy financial system – it helps businesses to invest and grow, undertake day-to-day transactions and manage their risks, underpinning activity in every part of society
The financial services industry plays a critical role in supporting UK businesses and enabling the UK's economy to grow. The products and services it offers are a significant part of the UK economy in their own right, and form one of our few world-class sectors.
The importance of financial services in a modern economy means it is essential that financial reforms support economic growth and help to build a competitive and resilient financial system that is free from taxpayer support and is co-ordinated internationally. The CBI's unique cross-sector voice speaks on behalf of the users of financial services as well as firms from across the financial services sector.
The CBI welcomed the appointment of Andrew Bailey as Chief Executive of the Financial Conduct Authority (FCA) and set out businesses' priorities for the regulator.
The latest CBI/PwC Financial Services Survey shows only a marginal improvement in sector sentiment, but conditions are remaining generally favourable.
As the Prime Minister looks close to a deal, the CBI continues to make the case for competitiveness reforms in Brussels.