Martin Wheatley, former CEO of the UK Financial Conduct Authority and advisor to Starling, recently sat down with Thomson Reuters to discuss current developments in Regtech. Martin brings a unique perspective the space as the former head of one of the most influential financial regulatory bodies in the world.
Now active in the private sector, Martin offers insights into the opportunities offered by new technologies which can help solve long-standing problems in the industry. At the same time, there remain obstacles that slow adoption. Martin goes on to describe how many regulators, including the FCA, have stepped into this environment to set up sandboxes and otherwise to encourage experimentation.
This interview was originally published for Thomson Reuters subscribers on Thomson Reuters Risk Intelligence service.
Read the interview in full here: THE BIG QUESTION: Martin Wheatley, Former CEO, UK FCA