UKFin+: A Research Agenda for Financial Services

TL;DR

This paper outlines a strategic research agenda for the UK's financial services sector, emphasizing collaboration between academia and industry to address long-term challenges and enhance competitiveness.

Contribution

It introduces UKFin+ as a framework to foster research collaborations aimed at tackling complex issues in financial services.

Findings

Identifies key long-term challenges in UK financial services.

Proposes a collaborative research funding model.

Aims to improve industry competitiveness and resilience.

Abstract

This document presents a research agenda for financial services as a deliverable of UKFin+, a Network Plus grant funded by the Engineering and Physical Sciences Research Council. UKFin+ fosters research collaborations between academic and non-academic partners directed at tackling complex long-term challenges relevant to the UK's financial services sector. Confronting these challenges is crucial to promote the long-term health and international competitiveness of the UK's financial services industry. As one route to impact, UKFin+ includes dedicated funding streams for research collaborations between academic researchers and non-academic organisations. The intended audience of this document includes researchers based in academia, academic funders, as well as practitioners based in industry, regulators, charities or NGOs. It is not intended to be comprehensive or exhaustive in scope but may provide applicants to UKFin+ funding streams and other funding bodies with inspiration for their proposals or at least an understanding of how their proposals align with the broader needs of the UK financial services industry.