2018-08-22

Fintech Regulation in the UK: What It Can Teach The World (video)

Fintech Regulation in the UK: What It Can Teach The World

FT Transact (ft.com) video above published Aug 13, 2018: "The Financial Conduct Authority (FCA) (fca.org.uk) has won praise around the world with a so-called sandbox, where UK fintech companies can test products with temporary authorisation. Now, it's being widely copied and there are plans to start a global sandbox. It has even caught the eye of major players, with Microsoft urging the US regulator to be more like its UK counterpart. counterpart. But should we be worried that the twin forces of big tech and banking are now praising the body that is their watchdog?"

Project Innovate: fca.org.uk/firms/fca-innovate

See also: UK is expected to keep the door open for European Union banks and investors after Brexit--reuters.com.

"Through our Innovation Hub we want new and established businesses - both regulated and non-regulated - to be able to introduce innovative financial products and services to the market."--FCA





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