New British financial taskforce to help embed market reforms

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The UK Capital Markets Taskforce includes chief executives, chairs and industry leaders to help ensure the “UK is the place where great companies can start, grow, scale and stay”, LSEG said in a statement.

London has long faced competition from New York, where top tech companies go to list, but since Britain’s departure from the European Union, it now also competes with the likes of Amsterdam, which has become Europe’s biggest share trading centre.

Britain will publish legislation on financial reforms on Wednesday.

The taskforce will work to “implement and embed those changes and indeed in some places re-evaluate and challenge how parts of our markets currently operate and where further change is required”, LSEG said.

It will be chaired by Julia Hoggett, who heads up LSEG’s UK exchange, with representatives from Barclays (LON:BARC) bank, Schroders (LON:SDR) asset management, consultants KPMG and other institutions.