Transcript: No time to lose - Mark Batten

Transcript

Mark Batten
We recently launched our landmark report No time to lose with TheCityUK, and it’s been a privilege to be part of this groundbreaking work. We spoke with hundreds of leaders across the financial services industry on the opportunity for growth, the challenges faced and the actions needed to deliver.

And the headline is punchy: with the right action, there is potential to unlock up to £50bn of additional economic output by 2035 — but this needs rapid and decisive action.

So what does this mean for Banking and Capital Markets? Staying laser focused on managing capital and compliance costs efficiently, whilst navigating a complicated and unpredictable global environment, siezing the opportunities emerging from the tokenisation of the industry and keeping the UK at the forefront of transformation.

And what we call nation of investors in the report — mobilising long-term savings into productive investment, unlocking more early-stage capital to fund innovation.