Finance Minister Rachel Reeves is set to make a significant announcement during her first Mansion House speech on Thursday. Among the key points she will address include the introduction of a digital gilt instrument pilot, part of the “Financial Services Growth and Competitiveness Strategy” aimed at boosting the UK’s financial sector.
One of the key measures to be discussed is the regulation of Environmental, Social, and Governance (ESG) ratings providers. This move is seen as essential in ensuring transparency and accountability in the financial industry.
Additionally, Minister Reeves will outline plans to regulate pension mega funds, a crucial step towards safeguarding the interests of pension holders and ensuring the stability of the pension system.
These initiatives, including the digital gilt instrument pilot, demonstrate the government’s commitment to fostering growth and competitiveness in the financial services sector while upholding environmental and social responsibilities.
