Having now digested the review by Ron Kalifa of what should be done to enhance the UK's positioning in, and support for, Fintech, I can say that the extensive thinking and research that went into this report is readily apparent. It contains lots of interesting recommendations.

Fintech represents (much of) the future of financial services, since it is borderless, or at the very least makes borders somewhat irrelevant - in the same way that tech offerings in other sectors have already done so. Fintech opens up the way for an exciting new, consumer-driven and business-customer-driven future for the provision and consumption of financial services and products. Its regulation and legal underpinnings are necessarily home state led, since that is where the activity and risk arises, and that is the only place where it can be safely conducted.  The UK already has a sophisticated legal and regulatory architecture for Fintech regulation but this report makes some interesting proposals for further improvement.