In today’s era of rapid technological development and social and demographic changes, we may need to be bolder, to be prepared to re-examine and re-think the status quo.” Tracey McDermott, outgoing CEO of the UK’s FCA calls for regulators to be bolder and to allow new companies can disrupt incumbents in their sector. “Companies like Uber are disrupting traditional taxi services by offering a cheaper alternative that is more convenient than owning your own car,” she said. The Telegraph suggests her speech, at the City Week conference this week, could be a sign of new direction in which the FCA is heading.
Tracey McDermott, outgoing CEO of the UK’s FCA calls for regulators to be bolder and to allow new companies can disrupt incumbents in their sector. “Companies like Uber are disrupting traditional taxi services by offering a cheaper alternative that is more convenient than owning your own car,” she said. The Telegraph suggests her speech, at the City Week conference this week, could be a sign of new direction in which the FCA is heading.