FCA<\/a> as a \u201creform-minded regulator\u201d that is willing to change. <\/p>\n\u201cFor regulation to keep pace, we have to remain clear about our standards, but more flexible in how they are applied,\u201d he said. <\/p>\n
He announced new guidance, published today (April 30) which outlines how firms can use distributed ledger technology within its existing rules.<\/p>\n
The regulator said this will make it easier for asset managers to unlock the benefits of fund tokenisation. <\/p>\n
Rathi said tackling financial crime is a priority for the regulator and said it would be stepping up action on market abuse and insider trading. <\/p>\n
He said: \u201cThe FCA\u2019s primary task is to ensure market integrity. In a more volatile global environment, that only becomes more important.<\/p>\n
\u201cSo fighting financial crime is a priority for us and we are increasingly hawkish.\u201d<\/p>\n
Closing his speech, Rathi said the FCA will remain clear on its standards and \u201crigorous in how we uphold them\u201d.<\/p>\n
He added: \u201cBut also open \u2014 working with the market, willing to make changes where needed, reform-minded.<\/p>\n
\u201cIt\u2019s what will allow you to manage risk, deploy capital and serve clients even in uncertain times. And, we believe, it\u2019s what will help ensure the UK remains a competitive global financial centre.\u201d<\/p>\n
tara.o\u2019connor@ft.com<\/p>\n
What\u2019s your view?<\/p>\n
Have your say in the comments section below or email us: ftadviser.newsdesk@ft.com<\/p>\n","protected":false},"excerpt":{"rendered":"Global clients trust the UK in times of geopolitical stress, claimed the Financial Conduct Authority\u2019s boss in a…\n","protected":false},"author":2,"featured_media":25879,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[4],"tags":[1578,5483,5,6],"class_list":["post-25878","post","type-post","status-publish","format-standard","has-post-thumbnail","category-uk","tag-financial-conduct-authority","tag-ft-adviser","tag-uk","tag-united-kingdom"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116494471224052290","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/25878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=25878"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/25878\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/25879"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=25878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=25878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=25878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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<\/p>\n