In the latest (and final?) update on the pilot, hosted at the FCA office in Stratford, Nick Cook from the FCA explained the aim was to address the common pain points between the regulator and the industry of the current reporting system, - cost, inconsistency, duplication of data and data protection issues.The core team members of the project team then updated us on progress and lessons learnt.
In the latest of our Digital Regulation Series in Collaboration with the FCA, we visited Zurich. Is Switzerland a principles based regulatory regime ? What are FINMA doing to prepare for Digital and how can RegTech help?