Financial Services and Markets Bill 2023
The Financial Services and Markets (FSM) Bill proposes a significant restructure of financial regulation following Brexit. The government has described it as a “once-in-a-generation opportunity” to reshape financial regulation. But the Bill makes no provision for sustainable finance, threatening both economic stability and the Prime Minister’s commitment to make the City of London a ‘net zero-aligned financial centre’. Instead, the FSM prioritises growth and competitiveness above all else.