Question to the HM Treasury:

To ask His Majesty's Government what steps they are taking to facilitate collaboration between UK financial regulators and international regulatory authorities to maintain the City of London's competitiveness in fintech innovation.

The Government is committed to making the UK the best place for fintechs, to start, scale and list. The Financial Services Growth and Competitiveness Strategy, published in July 2025, sets out our mission to shape a regulatory environment for financial services that is proportionate, predictable and internationally competitive, embracing innovation and leveraging the UK’s leadership in Fintech.

We are delivering this through strengthened partnerships with international financial centres around the world, supported by ongoing regulatory dialogues with many of our international partners such as the EU, US, China, India and the Gulf. We also continue to promote cooperation between UK financial regulators and their counterparts overseas. For instance, the UK has established the UK-US Transatlantic Taskforce for Markets of the Future, which is exploring opportunities for deeper collaboration in financial services, with a particular focus on digital assets and capital markets.

In addition, the Office for Investment: Financial Services, launched last October, will guide and support international investors looking to establish or grow a presence in the UK’s financial services sector, with a focus on fintech and the other priority growth areas