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UK FCA Report Looks to Mitigate Investment Harm, Includes P2P, Crypto and Crowdfunding on List of High Risk Investments
Following a call for input on the consumer investment market that closed to comments last month, the
UK Financial Conduct Authority has issued a report on how the regulator “works to protect consumers from investment harm” citing activity during the first 10 months of 2020.
In a release,
Sheldon Mills, Executive Director, Consumers and Competition, stated:
“The UK has one of the world’s leading financial services industries, offering consumers access to a wide range of investment products. In some areas, however, the consumer investment market is not working as well as it should, and too often consumers are offered unsuitable products or advice. Protecting consumers and ensuring they have confidence in the suitability of advice they receive is a key priority for the FCA and today’s report highlights some of the work we are undertaking to ach
@peter IFAMAG reads Twitter so you don’t have to. Kevin Hollinrake MP hosted a discussion with Fintech leaders and Non Bank Lenders yesterday. The meeting
UK Fintech Review Expected to be Released Next Month, Seeks to Boost Fintech Sector Post Brexit
In March of 2020, the
Chancellor of the Exchequer Rishi Sunak delivered the UK budget. Included in the presentation was the announcement of a Fintech sector review – a study to be led by
Ron Kalifa OBE, who was previously CEO Worldpay and current Chair of Network International. According to a report in the FT, this review will be published next month and will address several important topics for the UK Fintech industry.
The UK is a recognized global Fintech hub. The UK has long been an important financial center. A combination of an entrepreneurial and business-friendly environment along with policymakers who understand the importance of innovation has fostered a robust Fintech market. Brexit has placed this prominence at risk.
18 December 2020
Rosemary is a Non-Executive Director of HSBC UK PLC and YouGov PLC, an international online Market Research and Data Analytics company and currently advises and invests in a number of technology businesses in Europe and North America including Data Analytics, IOT, Internet Infrastructure and Fin Tech. She is a Fellow at Harvard University’s Berkman Center for Internet & Society most recently leading an Exec Education Course for Board Chairs and NED’s on Cybersecurity.
She is a Founding Director of the World Wide Web Foundation and has been the Chair of the World Economic Forum Global Agenda Council on the Future of Internet Security. Rosemary is an Advisor to Motive Partners a US/UK Fintech PE Fund and Glasswing Ventures, a VC focusing on AI for consumer and enterprise and a Member of Rasbperry Pi Foundation (overseeing commercial operations of Raspberry Pi). She is an Advisor to a number of Academic Institutions in the UK and Canada and is a regular attendee
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