LONDON, England, (FCA) – ‘We summarise the current evidence base connecting financial services regulation to economic growth and identify areas for future research.’
“Our role is to ensure that financial markets work well for consumers, participants, and society as a whole. This is central to a productive and growing economy. We are conducting research to better understand the role of regulation in enabling financial services to support growth and competitiveness in the UK economy,” FCA reports.
“As part of this, our literature review focuses on three key routes to support growth:
- Increasing exports by enhancing the international competitiveness of financial services.
- Increasing the productivity of the UK financial services sector.
- Supporting broader economic growth in the real economy by delivering high-quality and value-driven services, investment, and oversight to where they are most needed.”
Next steps
In the review, “we suggest specific areas for potential further research. We welcome comments and suggestions about areas for further research, as well as existing research we may have missed, and questions we haven’t asked. Please contact growtheconomics@fca.org.uk and we will endeavour to respond.”
Authors – Eric Morrison, Conor O’Loughnan, Kieran Odedra, Rose Poyser, Karan Singh and David Stallibrass.