The FCA has announced the fifth round of its regulatory sandbox which includes three blockchain start-ups. It’s the latest effort in their attempt to assess the value and the risks of new technologies. Continue reading “The three Blockchain Startups Announced for the FCA Sandbox”
Directors are feeling the heat as the number of them being investigated by the city watchdog doubles in just two years. It’s a clear signal from the regulator that if directors fail to take action on issues such as diversity, harassment, culture and governance, their jobs could be at risk. Continue reading “FCA Steps up Action Against Directors”
Digital transformation is a phrase which has been thrown about pretty freely and while it has plenty of benefits for the financial sector, institutions can be forgiven for feeling a little nervous. They’ve seen plenty of people get it disastrously wrong over the past couple of years and now the regulators say they will be paying closer attention. Continue reading “FCA Focuses on Tech Resilience”
The FCA’s recent decision to fine Carphone Warhouse £29.1 million is meat and drink to those who feel mobile phone companies should keep away from financial products. But it also serves as a great case study in all the mistakes firms can make when trying to improve conduct.
It’s no secret that the financial regulators have had their hands full with Brexit over the past year or so. But while much of the attention has been focused on surviving the coming apocalypse, thought is now beginning to turn to what comes next. According to Andrew Bailey in a recent speech setting out the FCA’s future approach, the future could be much ‘less burdensome’ than the present.