UK regulators zoom in on financial technology

Bank of England scrutinising potential benefits and risks of digital currencies and distributed ledgers

Ben Broadbent, Bank of England

UK regulators are scrambling to keep abreast of developments in new financial technology applications in markets, as the number of initiatives aimed at deploying new and disruptive technology continues to grow. 

Looking at the impact of fintech, the UK's Financial Conduct Authority (FCA) established a so-called RegTech unit, which launched a consultation with market participants late last year to narrow down issues it needs to prioritise.

Meanwhile, Victoria Cleland, the Bank of England's (BoE)

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