Govt consults on regulators' approach to innovation

In a paper published on 22 April, the government said it wants to foster a supportive regulatory framework for financial services that allows innovation to flourish. It is probing the work of financial services regulators, including the Financial Conduct Authority (FCA), Payment Systems Regulator (PSR), Prudential Regulation Authority (PRA) and the wider Bank of England. It wants to hear how they support innovative technology and disruptive business models with a view to understanding where there might be gaps in regulatory approach when it comes to supporting innovation. The gover...