Government announces Asset Management Taskforce

Stephen Barclay, City Minister, announced the creation of an Asset Management Taskforce to preserve the UK’s leading position as an asset management hub. Among his comments, he said:

  • the Government sees delegation as key going forwards, and is using the Brexit challenge as a spur to spearhead this;
  • it is critical to maintain gold standard regulation;
  • the Government is committed to looking at Fintech solutions within the asset management industry;
  • innovation must be stimulated; and
  • the UK must continue to attract and develop the best talent in the world.