The Financial Conduct Authority (FCA), the UK financial services regulator, has recently reported on lessons learned from…
Banks running out of time to implement GDPR. Europe’s new data regulation places wide-reaching demands on banks to revamp their data gathering and storage efforts.
The UK Senior Managers and Certification Scheme is to be extended in 2018 to cover most FCA-regulated firms.
The consultation sought stakeholders’ input in order to further develop the Commission’s approach towards FinTech.
At the same time the FCA has said that it wants to move away from a fear based culture of regulation.
While each regulator chooses its own way, most believe the best approach is to look past the technology and focus on how products behave. But this could change as digital currencies proliferate.