Tracey McDermott , outgoing CEO of the UK ’s industry calls for regulators to be bolder and to allow new companies can challenge incumbents in their sector . McDermott claims that officials rely largely on risk often at the cost of the 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 is a re - think of the status quo . 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.” The Telegraph suggests her speech , at the City Week conference this year , could be a sign of new direction in which the FCA is heading .
Tracey McDermott , outgoing CEO of the UK ’s industry calls for regulators to be bolder and to allow new companies can challenge incumbents in their sector . McDermott claims that officials rely largely on risk often at the cost of the 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 is a re - think of the status quo . The Telegraph suggests her speech , at the City Week conference this year , could be a sign of new direction in which the FCA is heading .