'Technology integral to financial advice' - FCA chair

Addressing the regulator's Annual Public Meeting today in Westminster this morning, the lawyer, who joined the regulator as chair in April and once advised ministers on the 2008 financial crisis, said technology "can be enormously positive". "We know that innovation in areas like big data and machine learning are a test of regulators' abilities to adapt," he said. "The FCA generally describes itself as ‘technology neutral', meaning we approach the regulation of individual technologies on their merit. And I think this is the correct approach." Despite his positive outlook on tech...