FCA works through UK’s digital regulation landscape

Posted on April 27, 2024 by Amber De La Haye

Nikhil Rathi, Chief Executive of the Financial Conduct Authority (FCA), spoke at the Digital Regulation Cooperation Forum (DRCF) earlier this month. Rathi addressed key issues surrounding digital regulation in the UK and provided insights into the future direction of regulatory efforts in the face of rapid technological advancement.

The FCA is exploring the further development of a commercially viable framework for data sharing in Open Banking and Finance, recognising its potential to enhance competition and innovation in the financial sector.

The regulator is also focussed on the importance of regulatory adaptability to the evolving landscape of artificial intelligence (AI) and digital technologies.

There are a wide range of different approaches to the evolution of regulation in the face of technological change - here's one more to balance up.

Read the full speech here.