Nikhil Rathi, the chief executive of the Financial Conduct Authority (FCA), has set out the regulator’s data-led strategy to embrace and mitigate the risks of digital platforms. In a speech delivered at the Peterson Institute of Economics, Rathi outlined the need for “a different type of UK regulator.” Rathi pointed to the FCA’s Digital Regulators Cooperation Forum and newly redesigned operational platform as ways in which it plans to take a more proactive stance and intervene more quickly when financial crime risks are identified.
FCA Discusses The Future Of Regulation, Key Will Be Working With US Regulators crowdfundinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crowdfundinsider.com Daily Mail and Mail on Sunday newspapers.
<h2>Highlights</h2>
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<li>Intensive dialogue between our nations is essential to ensure we deliver consistent outcomes.</li>
<li>Having departed from the EU, we now have a vital opportunity to adapt our regulatory system to respond to today’s challenges and to bolster the global reach of our wholesale markets.</li>
<li>We have invested heavily in data and technology and scan 100,000 websites for fraud every day.</li>
<li>The US and UK will deepen ties on crypto-asset regulation and market developments – including in relation to stablecoins and the exploration of central bank digital currencies.</li>
<li>Our largest graduate cohort ever is joining and we are on course to welcome 1000 new colleagues by the end of the year. </li>
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