The role of regulation is becoming increasingly complicated with faster technological development in the financial services industry, along with a “younger and more easily influenced” cohort of investors, said Jessica Rusu, chief data information and intelligence officer at the Financial Conduct Authority
Speaking at London's City Week conference today (27 April), Rusu said that "the FCA has decided to shift into a higher gear," announcing an expansion of the FCA's pilot Innovation Pathways scheme, which was launched earlier this month. The service will be expanded to 300 new firms "to provide closer supervision and support" to innovative firms in the financial industry, according to Rusu. Rusu highlighted that the fintech products are now used by eight in ten British consumers, adding that fintech was currently "experiencing a period of rapid evolution," both within the UK and globall...
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