Over 1,000 international firms own businesses in UK financial services, which demonstrates the openness of the sector. This number is growing given the UK’s importance in the global financial services market, which reflects its experience, concentration of expertise, favourable time zone and language.
The UK’s openness to investment is matched and facilitated by transparency of information. Every company has to file financial returns annually and the majority of firms that are active in UK financial services are regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). These sources form the basis of the detailed analysis behind this review.
The report covers:
- activity in the UK financial services industry
- general insurance
- financial support services