The need for firms to have access to an “innovative” financial services sector has been highlighted.

Businesses are in need of a “responsible” financial services industry, it has been claimed.

Firms on the search for business accounts may be interested in comments from Richard Lambert, director-general of the Confederation of British Industry (CBI), who states that despite the problems the sector has seen over recent years, changes must be made to ensure that organisations can access competitive products.

“A responsible and innovative financial services sector is of vital importance to the UK, both to meet the needs of businesses and consumers and to help the country pay its way in the world,” he notes.