Unlocking Digital Signature Legitimateness for Financial Services in United Kingdom

How to eSign a document: digital signature legitimateness for Financial Services in United Kingdom

if there are people watching this who are trying to quickly grasp what kind of changes you want to see post brexit what kind of changes and continuity the financial services industry wants to see post per exit what message would you give them well good morning Anna I think what we want to see is the your UK's success as a global financial center is underpinned by the quality of its regulation we want to see that continue post praxis and also to reflect some of the change that we will see as a consequence of rules moving from Brussels to London and that's about strengthen the regulatory regime thinking about the oversight of the regulators and the way in which their man dataset okay and so from what you've said there mark nothing that you've said there sounds at all like Singapore on Thames it are you aware of attempts being made to deregulate financial services post breaks is what I hear from firms across the city is a recognition that London's high standards are a competitive advantage and there's no one I talked to who's interested in some to regulatory race to the bottom what we need are good quality regulations that enable London to continue to meet the needs of domestic customers but also to be a leading global financial center and that's the continuity I guess that people are looking for and yet the challenges to make sure the regulatory regime delivers that given the transfer of power from Brussels to London and what is your sense Marcus to the extent to which financial services are going to feature in the next 11 months because that does seem to still lack clarity I mean we know we're going into some kind of equivalence regime are you pushing for regulation of just how much notice period you would get of the withdrawal of equivalents what do you think is going to happen for financial services in the next 11 months yeah I think there are two things one is for the government to decide where they want to seek equivalents with EU rules but the second thing and I think where the issue for the city is is to ensure that if equivalence is granted what are the safeguards around that they'll give people certainty that what is granted it will ensure there's no economic value to equivalents if it's not enduring and so that we're thinking about the processer you might need to give people confidence they can continue to trade cross-border using equivalents we saw at the time of the brexit vote mark a lot of forecasts of job losses from the UK from the financial services industry do you think they were overdone or just premature what is the risk to the City of London now or to financial services broadly in in the UK yes don't you agree I think what we recognize is this is a long term process you know we know that firms are preparing to move their operations into the eu-27 they've done that preparation already to a large extent over the course of last three and a half years you know I think the challenge is what's a relationship does the EU want with the UK how open does it want to be to the capital flows that come from London and how do you make that work the more open the relationship the easier it is I think to maintain the right level economic activity both in the UK and the eu27 the chance would be if that if you want a narrower shallower relationship then there will be changes but I think the for the city you know there are huge opportunities outside the EU as well green finance there an MB trading that happens Islamic finance the growth markets of of Asia you know so I think that there will be some appeared of transition there'll be some uncertainty and confidence that he does face a have a very positive future and that's good for jobs in London and across the UK