FCA eyes machine learning in a bid to become a 'robo-regulator'

Speaking at the Personal Investment Management & Financial Advice Association (PIMFA) summit on 31 October, acting director of strategy at the Financial Conduct Authority (FCA) Richard Monks explained technology was set to change the regulator's approach to supervision and enforcement. Specifically, Monks said technological advancements were informing how the FCA tackles "the challenge of the very small number of firms who, deliberately or not, cause issues and have a disproportionate impact on trust in the market, creating costs for the industry and for consumers". Marilyn Cole: The ...