TheCityUK

Driving growth for the future – annual report and accounts 2023-24 We are pleased to share our latest annual report, detailing our achievements over the past year and highlighting the critical role UK-based financial and related professional services play in driving growth and supporting the economy. Watch our annual report short summary video below or visit our website to find out more: https://lnkd.in/edeNkyRJ

We are delighted to be exhibiting at TheCityUK's National Conference 2024 in Birmingham on Tuesday, 26 November. The conference agenda will focus on how the financial and related professional services industry can help drive inclusive growth across the UK. To find out more and register, visit TheCityUK's website: https://lnkd.in/eVCd4eDn #TheCityUK #NationalConference2024 #InclusiveGrowth #FinancialServices #UKEconomy #Networking #IndustryInsights #BusinessExcellence 

The International Regulatory Strategy Group (IRSG), a joint venture between TheCityUK and the City of London Corporation, responded to the Bank of England’s discussion paper on innovation in money and payments.   Key takeaways from the IRSG response: 🔹 Public-Private Collaboration: Essential for advancing digital identity and tokenisation, reducing fraud, and enhancing financial efficiency. 🔹 Clear Regulatory Standards: A unified approach between the Bank of England and the Financial Conduct Authority is needed for stablecoin and distributed ledger technology frameworks, simplifying adoption and driving down costs. 🔹 Global Competitiveness: The UK must engage in international projects to lead in cross-border digital currency, supporting unified regulatory standards for seamless multilateral payments.   Together, these steps can help position the UK as a leader in global financial innovation.   📖 Read the full IRSG response: https://lnkd.in/eJfzf_6H #TheCityUK #DigitalFinance #UKLeadership #FutureOfPayments

Following today’s Budget statement by the Chancellor of the Exchequer, Miles Celic, Chief Executive Officer, TheCityUK, said, “The Chancellor has fired the starting gun to deliver the government’s priorities over the next four years. Driving growth and investment remains the key challenge here in the UK. Our services sector is central to addressing this challenge, with financial and related professional services in particular a key part of the tool kit to deliver nationwide growth. The Chancellor has taken a broadly balanced approach on tax, sought to further bolster devolution and set out some positive measures to attract investment – but the detail behind the headlines is key. It is vital that these are all addressed through a lens of long-term international competitiveness. We urge the government to consult closely and swiftly with industry and we look forward to partnering with them to deliver the growth this country needs.” https://lnkd.in/eayWYg5J #TheCityUK

We were delighted to host a pre-Budget briefing event earlier today for Parliamentary researchers, sponsored by Phoenix Group. It was great to hear presentations from Timothy Fassam, Director of Public Affairs at Phoenix Group, Abdul Qureshi, Managing Director - Eagle Labs, Growth and Specialist Propositions at Barclays and Claire Coppel, Partner at A&O Shearman. We discussed several key areas, including supporting scale-up businesses, managing risk in asset management and pensions, anticipating market reactions to the Budget, engaging with MPs on constituency priorities, and tackling fraud while enhancing regulatory support. Thank you to our speakers and the parliamentary researchers who joined us for a valuable and insightful discussion. Ahead of Wednesday’s budget, you can read our proposals for driving inclusive economic growth in our Autumn Budget Submission. https://lnkd.in/esCrRhub #TheCityUK #FinancialServices #AutumnBudget

We had a great Anglo-Italian Financial Services Dialogue in Milan this week, where we discussed shared challenges in financial services, including the economic and political outlook, enhancing capital markets and competitiveness, and navigating the digital transition. A special thanks to the UK Embassy Rome for co-sponsoring our pre-dialogue dinner, at which Professor Domenico Siniscalco, Managing Director and Vice-Chairman of Morgan Stanley and former Minister of Economy and Finance in Italy, was the guest speaker. Thank you also to AIFI for hosting us at their headquarters and FeBAF for their collaboration on this significant agenda. And of course, thank you to all our members who travelled to Italy, including those from Rome who joined us in Milan, for making the dialogue both engaging and insightful. #TheCityUK #FinancialServices #AngloItalianDialogue Miles Celic | Nicola Watkinson (she/her) | Scott Devine | Ceri Martin | AIFI - Associazione Italiana Private Equity, Venture Capital e Private Debt | FeBAF (Federazione Banche Assicurazioni e Finanza

What role does financial and related professional services have to play in driving inclusive growth across the UK? This is one of the topics to be discussed at our National Conference 2024, sponsored by PwC, in Birmingham on 26 November. Also sponsored by Guernsey Finance and State Street, the conference will feature keynote speeches from a Treasury Minister, Emily Shepperd, Chief Operating Officer at the Financial Conduct Authority, and Baroness Penn, plus a great line-up of speakers and panellists. Take a look at the day’s agenda and register to attend on our website: https://lnkd.in/eVCd4eDn

The latest blog from our Chief Economist and Head of Research, Anjalika Bardalai, looks at the growth trends in financial and related professional services exports. The blog looks at the contributions different industry subsectors make to export growth, as well as the contributions different countries (import destinations) make to export growth. 📖 Find out more here: https://lnkd.in/erjzipVj #TheCityUK

During a busy week in Washington D.C. with the International Monetary Fund (IMF) and The World Bank Annual Meetings taking place, we held our first US ‘Women in Finance’ roundtable, bringing together senior women from across financial and related professional services and chaired by our Board Chair, Anne Richards DBE. There were some really insightful conversations on a range of important themes, including leadership, mentoring and the skills and further support women need to thrive in our industry. Thank you to everyone who joined and contributed to the discussion and to Citi for hosting us. #TheCityUK Adrienne A. Harris | Christy Goldsmith Romero | Sahra English | Women in Banking and Finance - UK

We are pleased to support the 3rd annual Ukrainian Infrastructure Forum in London, organised by Strategy Council, which is taking place on 29 October. The event will bring together stakeholders including International Financial Institutions, multilateral organisations, Ukrainian official bodies, financial institutions, engineering groups, advisors, and infrastructure developers and operators to discuss the opportunities for the private sector to play a lead role in transforming and rebuilding Ukraine. Our members receive a 20% discount on the registration fee, by entering TCUK20 in the comments section. For more information, read here: https://lnkd.in/eC-fYef8   #TheCityUK #Ukraine