FCA admits lack of resources to monitor small firms
Regulator is consulting on its 'mission'
The Financial Conduct Authority (FCA) has admitted it does not have sufficient resources to monitor every firm individually but said it was using artificial intelligence to identify issues in the market.
In a consultation on its future mission, the regulator said new forms of technology allowed it to evaluate the data it collects from the industry in order to identify risk and specific targets for monitoring....
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