“We have long advocated the benefits of cross-sector collaboration, so joining the UKRN is a natural next step. By working together with other regulators, we can leverage collective intelligence to address cross-industry challenges and drive positive change. The UKRN’s strategic objective of promoting better outcomes for consumers and the economy resonates with the LSB’s mission. By fostering competition, investment, innovation, and high standards in the banking and lending industry, the LSB contributes to a fair and transparent financial landscape that benefits consumers and SMEs and supports economic growth.”

“We are pleased to be joining UKRN. Our job is driving confidence and trust in legal services. It is important we learn from those both within and beyond the legal sector, so we can regulate as effectively as possible. We look forward to working with network colleagues to share insights, best practice, and identify where collaboration could benefit the public.”