HMT: Rachel Reeves - Mansion House speech
16 Jul 2025
United Kingdom
1 min read
Text of Rachel Reeves’ Mansion House speech of 15 July 2025 follows in which she discusses initiatives relating to financial services regulation, the Leeds Reforms. These include: a review of the Consumer Duty and how whether it unduly affects wholesale activity; a “streamlining” of SMCR, and the “futureproofing” of the regulatory regime, with draft legislation scheduled for early 2026. Other relevant matters include ringfencing, fintech, retail investments, sustainable finance, and mortgages.
