The Financial Conduct Authority (FCA) is set to explore how robo-advice could work within the current financial services landscape, as it expands a project encouraging innovation in the sector.
Beginning in September, the regulator will hold a number of 'themed' weeks - beginning with robo-advice - "designed to stimulate intense engagement between the FCA and stakeholders with an interest in a particular area of innovation". The regulator defined robo-advice as 'automated' advice. The events will enable it to learn more about firms' "problems" with the regulatory system, it said, while "perhaps" helping it dispel "regulatory uncertainties or myths". The move comes as part of an overhaul of the regulator's innovation hub, Project Innovate, which was established late last y...
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