Tagged: hm treasury

April 2, 2020 @ 7:32 pm By JD Alois  |  

Chancellor of the Exchequer Rishi Sunak has announced new measures to support firms impacted by the COVID-19 pandemic. The update includes broader access to the Coronavirus Business Interruption Loan Scheme (CBILS) and creating a new plan for larger firms. The Chancellor announced that HM Treasury… Read More

March 11, 2020 @ 3:48 pm By JD Alois  |  

Earlier today, the Chancellor of the Exchequer Rishi Sunak delivered a speech outlining the UK Budget for 2020. A portion of the speech outlined the Government’s policy moves to mitigate the impact of the Coronavirus – an unexpected exogenous shock to the economy that could… Read More

January 24, 2020 @ 11:50 am By JD Alois  |  

The Financial Conduct Authority’s Executive Director of Strategy and Competition, Christopher Woolard, has been selected as the Interim Chief Executive of the FCA. HM Treasury announced the appointment today as current FCA Chief Executive Andrew Bailey has been tapped to take over the role of… Read More

October 24, 2019 @ 2:46 am By JD Alois  |  

According to HM Treasury, banks and alternative lenders have “reaffirmed their pledge to support British SMEs ahead of Brexit.” The commitments have been outlined in the SME Finance Charter. The Charter, which is a voluntary agreement, covers; loans and overdrafts, asset financing, stock lending and… Read More

October 5, 2019 @ 11:19 am By Omar Faridi  |  

Andrew Jenkins, director of UK-based mobility data and analytics firm Arity, has been appointed (on October 4) as the new Fintech envoy for Northern Ireland. The appointment has been made by John Glen, the Economic Secretary to the Treasury. Glen stated: “Fintech is vital to… Read More

July 21, 2019 @ 9:47 am By JD Alois  |  

The Women in Finance Charter now has over 350 names on its list of supporters, according to a note from HM Treasury, as 21 new names were announced. A good number of signatories are Fintech firms. The Treasury’s Women in Finance Charter seeks support from… Read More

June 26, 2019 @ 3:41 pm By JD Alois  |  

HM Treasury and the Financial Conduct Authority (FCA) recently organized a workshop on assisting low-income renters. Predicated on the fact that rental insurance has “very low take-up” amongst a lower demographic, Treasury and the FCA invited multiple firms to attend an “Access to Contents Insurance… Read More

May 12, 2019 @ 6:53 pm By JD Alois  |  

The United Kingdom has long been a global leader in financial innovation. Of course, London holds a long history as a prominent financial center for both Europe and the world. This established base has combined with a strong entrepreneurial spirit and access to capital to… Read More

October 29, 2018 @ 6:23 pm By JD Alois  |  

In the wake of the Autumn Budget  delivered by Chancellor of the Exchequer Philipp Hammond today, the Financial Conduct Authority (FCA), Bank of England, and HM Treasury has published their final report on the topic of regulating cryptoassets and distributed ledger technology (DLT/blockchain). The Cryptoasset… Read More

September 19, 2018 @ 9:25 am By Cali Haan  |  

The UK can no longer rely on “feeble” warnings to consumers from its securities regulator and should swiftly extend existing legislation to govern the cryptocurrency and digital asset sector in country, says a Parliament Treasury Committee established in February to examine the matter. After doing its… Read More

September 12, 2018 @ 3:36 pm By JD Alois  |  

The United Kingdom and Singapore held their 4th joint meeting of financial services regulators and policymakers. The meeting took place in London yesterday where officials discussed regulatory initiatives and standards of conduct in the financial sector. Both the UK and Singapore have pursued Fintech innovation… Read More

September 4, 2018 @ 7:54 am By JD Alois  |  

As in most parts of the world, smaller businesses drive the bulk of job growth in the UK. Over 99% of all UK businesses are SMEs employing 0-249 people and 96% (approximately 5.5 million) are micro-businesses employing up to 9 people, accounting for 33% of… Read More

May 21, 2018 @ 2:45 pm By JD Alois  |  

Today was the first meeting of the UK Cryptoassets Taskforce. The previously announced group involves the participation of the Financial Conduct Authority (FCA), Bank of England (BoE), HM Treasury and other Senior government officials. Some of the named participants include, Katharine Braddick, Director General of… Read More

March 22, 2018 @ 10:41 am By JD Alois  |  

HM Treasury Publishes Fintech Strategy In a widely anticipated speech today during the midst of UK Fintech Week, Chancellor of the Exchequer Philip Hammond told the audience Britain is the global capital of Fintech and he will do everything he can to maintain this title…. Read More

December 15, 2017 @ 8:16 am By JD Alois  |  

HM Treasury will host their second International Fintech Conference following the success of the inaugural event in 2017. Scheduled to be held in London on March 22, 2018, the event will highlight the UKs standout Fintech innovators as well as up and coming Fintech firms… Read More

November 10, 2017 @ 1:30 am By JD Alois  |  

There is a growing number of women in the finance industry – even more so in alternative finance. The UK, via HM Treasury’s Women in Finance Charter, is actively pursuing the promotion of women executives in this vitally important sector of business. According to HM… Read More

October 27, 2017 @ 4:28 pm By JD Alois  |  

“Cybercrime as a Service” is a Growing Problem In the UK, HM Treasury and the Home Office have published a report on money laundering and terrorist financing. As one of the largest economies in the world that is based on global trade and quite open… Read More

October 27, 2017 @ 10:18 am By JD Alois  |  

Deepbridge Capital, a company that provides investment access to small and medium sized UK growth businesses, has shared a wish list regarding the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) and measures it would like to see in Chancellor Philip Hammond’s forthcoming… Read More

September 22, 2017 @ 9:37 am By JD Alois  |  

Earlier this week, the Sunday Times reported that the UK government was examining plans to “clamp down” on the Enterprise Investment Scheme (EIS). This program is a tax exemption that seeks to incentivize investment in early stage companies – an intrinsically risky endeavor. By providing… Read More

September 8, 2017 @ 9:58 am By JD Alois  |  

According to a census taking by EY and Innovate Finance (on behalf of HM Treasury), UK Fintech firms are quite bullish on their prospects in the coming year. The report, the 2017 UK FinTech Census, states that about half of the firms polled expect revenue… Read More