Consultation paper on draft innovation arrange for financial services
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Background
The government announced in its Productivity Plan 2015 that departments is supposed to be required to make use of regulators to publish innovation plans by spring 2016. This announcement reflects the key government aim to make sure the UK is supporting the development of home based business models and disruptive technologies, breaking down barriers to entry and boosting productivity. To do this the UK’s regulation and enforcement frameworks must certanly be agile enough to respond flexibly to continuing developments in new technologies and disruptive business models. More