New British financial taskforce to help embed market reforms

The surface of the London Inventory Alternate constructing is seen within the Metropolis of London, March 7, 2005. MRKET REUTERS/Toby Melville

LONDON, July 19 (Reuters) – The London Inventory Alternate Group (LSEG.L) stated on Tuesday it has launched a taskforce to drive by way of monetary reforms introduced by British authorities to buttress the capital’s attraction for international traders.

The UK Capital Markets Taskforce consists of chief executives, chairs and business leaders to assist make sure the “UK is the place the place nice firms can begin, develop, scale and keep”, LSEG stated in a press release.

London has lengthy confronted competitors from New York, the place high tech firms go to checklist, however since Britain’s departure from the European Union, it now additionally competes with the likes of Amsterdam, which has develop into Europe’s largest share buying and selling centre.

Britain will publish laws on monetary reforms on Wednesday. learn extra

The taskforce will work to “implement and embed these modifications and certainly in some locations re-evaluate and problem how components of our markets at present function and the place additional change is required”, LSEG stated.

It will likely be chaired by Julia Hoggett, who heads up LSEG’s UK trade, with representatives from Barclays financial institution, Schroders asset administration, consultants KPMG and different establishments.

Reporting by Huw Jones
Modifying by Nick Zieminski

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