Reviving the economy was only one aspect to the Queen's speech that is likely to have an impact in the future, according to RMIF chairman Paul Wiliams.
Commenting on the proposed Bank Deposit Bill Wiliams said: "‘By allowing the Bank of England and other authorities to intervene when a bank gets into severe difficulties, the proposed Bill would provide a further level of protection to the UK’s financial sector, protect banks, and also protect savings.
"This would help consumer confidence as well as assure the survival of businesses in the event of their bank experiencing problems."
Regarding a planned Equality Bill, Williams felt assuring equal pay for women must not come at the expense of business competitiveness.
He said the RMIF will work with Government to make sure the bill is one the industry accepts.