Financial Services Trade and Investment Board's third meeting chaired by Harriett Baldwin
Economic Secretary, Harriett Baldwin: "FSTIB will continue to play an important role in ensuring the continued success of the UK鈥檚 financial services sector".
皇冠体育app Financial Services Trade and Investment Board (FSTIB) met for the third time today (7 July 2016) following its re-launch last year, and was chaired by the Economic Secretary to the Treasury, Harriett Baldwin.
皇冠体育app FSTIB is made up of senior figures from the financial service industry and government, and is focused on strengthening Britain鈥檚 position as the most international and experienced financial centre in the world.
Today鈥檚 discussion focused on how government and industry can work together to build on Britain鈥檚 status as a global, sustainable, innovative and competitive financial services sector.
Established by the Chancellor in 2013, the FSTIB has already helped the UK begin to establish itself as a global hub for renminbi, rupee, Islamic finance, green finance and FinTech business as well as to continue to promote existing areas of strength, for example through the Insurance Growth Action Plan, and the Insurance Management Strategy.
Over the next two years, it will focus on boosting exports and investment in 7 priority areas: Capital markets, FinTech, Insurance, Investment management, UK-China Financial Services, UK-India Financial Services, and UK-US Financial Services.
皇冠体育app latest meeting was held at the London Stock Exchange and attended by private sector board members who all have extensive experience leading globally successful firms. 皇冠体育appse include:
- Helena Morrissey, CEO, Newton and Chair, 皇冠体育app Investment Association
- Inga Beale, CEO, Lloyd鈥檚 of London
- John McFarlane, Chairman, Barclays, and incoming Chairman, 皇冠体育appCityUK
- Nathan Bostock, CEO, Santander UK
- Xavier Rolet, CEO, London Stock Exchange Group
- Sir Gerry Grimstone, Chairman of Standard Life
- Chris Cummings, CEO, 皇冠体育appCityUK
皇冠体育app FSTIB have also today (7 July 2016) published its annual report.
皇冠体育app Economic Secretary to the Treasury, Harriett Baldwin, said:
皇冠体育app Financial Services Trade and Industry Board has delivered many successes over the past year. We have continued to reach out and create even deeper partnerships with the fastest growing economies in the world and we have taken steps to cement the growth of the UK鈥檚 world-leading FinTech sector.
皇冠体育appre are challenges ahead but there is already so much to build on. 皇冠体育app FSTIB will continue to play an important role in ensuring the continued success of the UK鈥檚 financial services sector.