Why modernising financial services should be a priority for the UK's new Labour government
The new Labour government needs to prioritise the modernisation and digitisation of UK financial services to stimulate significant investment and liquidity.
Chris Elms is currently Chief Executive Officer and Executive Director of Euroclear UK & International. He is Chair of the Euroclear UK & International Management Committee and a member of the Group Leadership Council.
Euroclear UK and International Limited (EUI), part of the Euroclear Group, is the UK’s Central Securities Depository (CSD). EUI runs the CREST securities settlement system, which offers real-time delivery versus payment settlement in central bank money to over 150 direct members—including the world’s largest banks and asset managers as well as intermediaries such as retail brokers.
EUI offers a variety of securities servicing tools to its clients, including collateral management, corporate actions processing and transaction reporting. As a settlement system, EUI is designated as a UK Critical National Infrastructure and is a Bank of England supervised Tier 1 Financial Market Infrastructure (FMI).