Britain's financial watchdog sets up in US and Asia to attract firms to UK

Reuters

Tue, Apr 15, 2025, 2:16 AM 1 min read

LONDON (Reuters) - Britain's Financial Conduct Authority has appointed unit successful the United States and the Asia-Pacific portion for the archetypal time, to assistance overseas firms to participate the British marketplace and boost exports of UK fiscal services, the watchdog said connected Tuesday.

Former concern banker Tash Miah started successful April astatine the British embassy successful Washington, DC, and volition enactment fiscal firms successful the U.S. with navigating British regulations, the FCA said.

Camille Blackburn volition unfastened the FCA's determination bureau successful Australia from July this year, the FCA said, arsenic it seeks to enactment firms operating betwixt Asia-Pacific and Britain.

"These appointments volition assistance america present connected our ngo to enactment maturation done the export of UK fiscal services and attracting much inward concern to our shores," Sarah Pritchard, enforcement manager astatine the FCA, said successful a connection connected Tuesday.

The FCA's planetary propulsion comes astatine a clip erstwhile it is nether unit from Britain's left-leaning Labour authorities to assistance beforehand the country's economical growth.

The FCA said successful March it would reassess its attitudetowards fiscal firms' risk-taking successful bid to boost growth.

(Reporting by Lawrence White; Editing by Ros Russell)