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Following the banking crisis in 2008, the Parliamentary Commission for Banking Standards (PCBS) recommended the creation of a new framework focused on increasing senior management accountability.
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Next update about the Markets in Financial Instruments Directive II (MiFID II).
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RegTech isn’t new. It might not have always been called RegTech but it has been in existence for years.
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That regulation is good for consumers but inimically harmful to business growth is an accepted truth but how detrimental, or even counterproductive, the regulation generally depends on the type of activity being regulated.
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‘Regulating for innovation’ may seem oxymoronic, but not according to the FCA’s Director of Strategy and Innovation, Christopher Woolard.
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The marriage of technology and regulation is not a new concept but it's becoming increasingly important
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