FCA to launch asset management start-up hub next month

In operation from next month, it will seek to encourage competition in the financial services sector by offering better support and guidance on regulation to new entrants into the market. Last year, calls for an initiative that would support asset management start-ups were made by financial thinktank New City Initiative (NCI), which has been helping the regulator develop the hub launching in October. In a speech on Thursday, Megan Butler, executive director of supervision for investment, wholesale and specialist, said: "We know it is not enough to ask investment managers - on your own...