FCA: Regtech still 'sleeping giant' of financial services

Speaking at the CDO Exchange event on Wednesday (6 November), Cook said that while it is certainly growing, regtech is still a key "underserviced" area of the Financial Conduct Authority's (FCA) so-called 'regulatory sandbox.' The sandbox allows businesses to test propositions in the market and applications are currently open for cohort six until 31 December. In his talk, Cook said regtech - the use of new technology to facilitate regulatory requirements - is "another area where we have to think if the services we currently offer marry up to the needs of the firms".  One reason for...