Search This Blog

Thursday 21 June 2012

Innovation Meets The Financial Services Bill

Embedded below is a set of amendments to the Financial Services Bill which I've prepared with the help of a colleague, Tony Watts, at the invitation of several Peers to aid in their review of the Bill. The paper builds on a submission to the UK government in January.

The aim is to require the authorities to encourage responsible innovation in retail financial services generally and, as a case in point, to clear the way for the growth of peer-to-peer platforms - transparent, low cost services that are open to all but which don't tie up vast amounts of capital or require a public guarantee.

Specifically, these amendments will:
  1. Generally oblige the financial authorities to look outside the regulated markets when assessing whether there is adequate competition within those markets;  
  2. Remove the uncertainty, cost and delay in launching new peer-to-peer platforms, by creating a clear set of rules by which they must operate, regardless of the type of instruments available (reflecting the carve-out for retail payment services from the historic ‘banking monopoly’); 
  3. Enable the inclusion of peer-to-peer loans and investments within the small range of assets currently available to ordinary people via ISAs.
  4. Enable the same process of evolution towards cost-efficient and transparent financial services that we have already seen in other online retail markets.
The document is still in draft, and comments are welcome.

25 comments:

  1. NETSOL Technologies provides superior software solutions & digital enablement solutions for the asset finance
    & leasing industry worldwide.Asset Finance Software
    https://netsoltech.com/

    ReplyDelete
  2. https://www.netsoltech.com/

    ReplyDelete
  3. NETSOL Technologies Inc is a worldwide provider of global IT
    and enterprise application solutions which include credit and finance portfolio management systems,
    SAP consulting, custom development, systems integration and technical services. Asset Finance Software
    Asset Finance Software

    ReplyDelete
  4. It is truly a well-researched content and excellent wording. I got so engaged in this material that I couldn’t wait reading. I am impressed with your work and skill. Thanks. financial news for today

    ReplyDelete
  5. Exkash.net is reliable and the most credible instant exchange bit coin is for bank account relocation and cryptocurrency is for cash withdrawals.Exkash can track for you that how to spend your bitcoin.
    When you will use Exkash, we may receive some compensation. Kindly, visit Exkash.net.
    Bitcoin to Bank Account

    ReplyDelete
  6. The economic landscape of today is not only demanding but it also comes with a lot of pressure.
    Businesses are starting to see that they need to do something different and unique if they want to make an impact and grow.
    Asset Finance Software software is a great way for any company to grow.

    ReplyDelete
  7. This comment has been removed by a blog administrator.

    ReplyDelete
  8. This comment has been removed by a blog administrator.

    ReplyDelete
  9. This comment has been removed by a blog administrator.

    ReplyDelete
  10. This comment has been removed by a blog administrator.

    ReplyDelete
  11. This comment has been removed by a blog administrator.

    ReplyDelete

  12. Are you in financial crisis, looking for money to start your own business or to pay your bills? I got mine from Him. My blank ATM card can withdraw € 2,000 daily. I got it from Her last week and now I have €14,000 for free. The blank ATM withdraws money from any ATM machines and there is no name on it, it is not traceable and now i have money for business and enough money for me and my family to live on . *email: int.hackers002@gmail.com

    GET YOUR BLANK ATM CREDIT CARD AT AFFORDABLE PRICE
    *He sell this cards to all our customers and interested buyers worldwide,the card has a daily withdrawal limit of $5000 and up to $50,000 spending limit in stores and unlimited on POS.*

    *email: int.hackers002@gmail.com

    *you can also call or whatsapp us Contact us today for more enlightenment
    +1(301) 329-5298

    ReplyDelete
  13. Find the best financing and leasing software offers at
    NetSol Technologies provides software solutions for asset finance and leasing, asset finance, leasing software, asset finance software automotive finance, leasing management, lending, contract origination and activation.

    ReplyDelete
  14. This is a good post. This post gives truly quality information. I’m definitely going to look into it. Really very useful tips are provided here. Thank you so much. Keep up the good works Crypto friendly banks

    ReplyDelete
  15. These set of superior Cyber terrorist Known as WhitehatstechAtgmailDotcom have been in service for more than a decade and they have set an extremely impressive records that no Hacker can break,  they have the best hacking tools any one can ever imagine, that is why their job is performed with ease, contact them now for any of your hacking services and thank me later

    ReplyDelete
  16. I have tested this private investigator for my divorce case and cat fishing he is actually good at efficient at his job you should contact him for any hacking issues you have contact James on WhatsApp ‪+1 (213) 295‑1376 message him and come back to thank me later

    ReplyDelete
  17. I got my already programmed and blank ATM card to withdraw the maximum of $100,000 MONTHLY for a maximum of 12 MONTHS. I am so happy about this because i got mine last week and I have used it to get $400,000 already. (perrythomas827@gmail.com) is giving out the card just to help the poor and needy though it is illegal but it is something nice and he is not like other scam pretending to have the blank ATM cards. And no one gets caught when using the card. Get yours from THOMAS PERRY Hackerz today! Just send an email to (perrythomas827@gmail.com)

    ReplyDelete

  18. Dear Sir/Ma
    I am a veteran with common wealth of nations humanitarian delivery agency a subsidiary of UN..
    My colleague died of covid19. Before her death she left in the sum of (€17,000,000.00) with a Security & Finance Firm in Europe for safe keeping there is an incrustation she reviled that the funds should not be left unclaimed. You are to stand as the beneficiary to late Sarah Hayes.
    Respond to me your interest at lampealfredm46@gmail.com,and contact details for all other formalities which is genuine and trustworthy person.
    Hoping to have a good deal with you on mutual trust.
    Sincerely,

    ReplyDelete
  19. Are you a victim of one the following ;
    Binary option, Forex trading, Romance , ICO Scams, Bitcoin mining, Phishing, exchange scams etc
    Just in any case you have lost your hard earned money. Don't give up, I have a good news for you. Diamond Hacker is currently recovering funds for all victims. Service delivery is second to none. I obliged myself the privilege to announce this to everyone. Hurry and contact email;
    (diamondhacker@yahoo.com ) .
    Thank me later.

    ReplyDelete
  20. i was lost with no hope for my wife was cheating and had always got away with it because i did not know how or
    always too scared to pin anything on her. with the help a friend who recommended me to who help hack her phone,
    email, chat, sms and expose her for a cheater she is. I just want to say a big thank you to
    HACKINTECHNOLOGY@GMAIL.COM . am sure someone out there is looking for how to solve his relationship problems, you can also contact him for all sorts of hacking job..he is fast and reliable. you could also text +1 213-295-1376(whatsapp) contact and thank me later
    telegram +16692252253

    ReplyDelete
  21. If You Are Trying To Catch Your Cheating Spouse In The Act, I Strongly Recommend You Contact This Awesome Hacker That Helped Me Monitor My Husband’s Phone When I Was Gathering Evidence During The Divorce. I Got Virtually Every Information She Has Been Hiding Over The Months Easily On My Own Phone: The Spy App Diverted All Her Whatsapp, Facebook, Text Messages, Sent And Received Through The Phone: I Also Got Her Phone Calls And Deleted Messages. She Could Not Believe Her Eyes When She Saw The Evidence Because She Had No Idea She Was Hacked, I Didn’t Need To Touch Her Phone At all,.I Certainly Recommend Contact: “WhitehatstechAtgmailDotcom ”

    ReplyDelete

  22. GET RICH WITH THE USE OF BLANK ATM CARD FROM
    (besthackersworld58@gmail.com)
    Has anyone here heard about blank ATM card? An ATM card that allows you to withdraw cash from any Atm machine in the world. No name required, no address required and no bank account required. The Atm card is already programmed to dispense cash from any Atm machine worldwide. I heard about this Atm card online but at first i didn't pay attention to it because everything seems too good to be true, but i was convinced & shocked when my friend at my place of work got the card from guarantee Atm card vendor. We both went to the ATM machine center and confirmed it really works, without delay i gave it a go. Ever since then I’ve been withdrawing $1,500 to $5000 daily from the blank ATM card & this card has really changed my life financially. I just bought an expensive car and am planning to get a house. For those interested in making quick money should contact them on: Email address : besthackersworld58@gmail.com or WhatsApp him on +1(323)-723-2568

    ReplyDelete
  23. Contact this guy for problems such as hacking emails, Facebook, Twitter, Instagram, note changes, deleting criminal records, credit and debit refill, reloading insurance documents, lost or lost file recovery, background check of people and organizations Monitor your spouse's activities regarding the phone and social media and contact him at albertgonzalezwizard (@) gmail com or whatsapp +31684181827 Telegramm: +31687920980 he is very trustworthy.

    ReplyDelete
  24. I really appreciate the way you people woocommerce plugin my plugin. Thanks!

    ReplyDelete
  25. --
    CONTACT US FOR ALL KINDS OF HACKING JOB We provide professional
    hacking services, we offer the following services.
    -University grades change
    -Hack bank accounts
    -Extinguish
    Hacking criminal records
    -Facebook hack
    - Hack Twitter
    -Hack email accounts
    -Hack for note changes
    Website crashed hack
    -Server crashed hack
    -Skype hack
    -Hack databases
    -Word press
    Hack blogs
    -Hack individual computers
    - Hacking devices remotely
    -Burner number
    -Verified Paypal Accounts Hack
    - Any social media account hack
    -Android and iPhone hack
    -Text
    Message intercept hack
    - Email interception hack
    -Bitcoin recovery
    -binary multiplication
    -Credit score upgrade
    - Track call log and spy on call recording.
    Monitoring of SMS
    SMS remotely.
    Cell phone GPS location tracking. Spy on WhatsApp messages.
    -Not discoverable IP etc.
    Contact us at: JeansonJamesAnchetawizard62@gmail.com or
    WHATSAPP NUMBER:  +971 58 235 4368 for further inquirie

    ReplyDelete