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. Telegraph claims that officials focus largely on risk often at the cost of seeing opportunities arising from new technologies meaning natural caution can sometimes stand in the way of fundamental change; Today ’s era of rapid technological development and social and demographic change necessitates a re-think of the status quo. The McDermott suggests her speech, at the City Week conference Today , could be a sign of new direction in which the the Financial Conduct Authority 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. McDermott claims that officials focus largely on risk often at the cost of seeing opportunities arising from new technologies meaning natural caution can sometimes stand in the way of fundamental change; Today’s era of rapid technological development and social and demographic change necessitates a re-think of the status quo. 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.