<\/p>\n
The Haymarket in Edinburgh is a mark of the city\u2019s growth in financial services<\/p>\n
The financial services watchdog will hold its annual public meeting in\u00a0Edinburgh\u00a0for the first time as it seeks to raise its profile in Scotland.<\/p>\n
Financial Conduct Authority chair Ashley Alder will be opening new office space in the city today and confirmed the meeting will take place at the Assembly Rooms on 6 October.<\/p>\n
It is part of a growing recognition of Edinburgh in the global financial centre rankings.<\/p>\n
Mr Alder said: \u201cBringing our annual public meeting to Edinburgh for the first time is a deliberate step to strengthen our visibility and accountability right across the UK. <\/p>\n
\u201cScotland is a critical part of the UK\u2019s financial services sector, and as we continue to grow our presence here, we want to be closer to consumers and the firms we regulate.<\/p>\n
\u201cHolding the APM in Edinburgh reflects our focus on being more outward-facing, more engaged, and better connected to the markets we serve.\u201d<\/p>\n
Chris Cummings, chief executive of the Investment Association, said: \u201cEdinburgh has a long heritage as a leading centre for financial services, including investment management, and it\u2019s great to see that recognised as the city hosts the FCA\u2019s annual public meeting.<\/p>\n
\u201cThis is the first time the meeting has been held outside London, underlining both Edinburgh\u2019s importance to the financial services sector and the FCA\u2019s role as a UK-wide regulator.\u201d<\/p>\n
A study last year found that Scotland had further strengthened its position as a top European financial and related professional services hub, supporting more than 150,000 people.<\/p>\n
Industry body TheCityUK said the sector contributed \u00a317.7 billion to the national economy \u2013 10.5 per cent of Scotland\u2019s gross value added (GVA) \u2013 in 2023, based on the latest available data. Some 151,000 people are employed in banking, financial and related professional services in Scotland, according to the organisation\u2019s report.<\/p>\n
\t #FCA #holds #meeting #Edinburgh #mark #citys #growth #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"
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