FCA Chair: Regulations Will Ease as Brexit Ramps Up
Charles Randell says the current regulatory environment is "unsustainable" and the pressure to regulate firms' big data practices may lessen.
The financial services industry can expect some easing of regulatory pressure, especially in the arenas of big data and technology, according to the head of the UK’s financial watchdog.
In an address at a Reuters Newsmaker event, Financial Conduct Authority (FCA) chair Charles Randell said the regulator is waiting for final deliberations on the Brexit negotiations before creating a post-Brexit framework. However, he does not expect the “same volume of regulatory change” as in the past decade
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